Pair Correlation Between LiveCoin Hellenic and LiveCoin BlueCoin

This module allows you to analyze existing cross correlation between LiveCoin Hellenic Coin USD and LiveCoin BlueCoin USD. You can compare the effects of market volatilities on LiveCoin Hellenic and LiveCoin BlueCoin and check how they will diversify away market risk if combined in the same portfolio for a given time horizon. You can also utilize pair trading strategies of matching a long position in LiveCoin Hellenic with a short position of LiveCoin BlueCoin. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin Hellenic and LiveCoin BlueCoin.
 Time Horizon     30 Days    Login   to change
 LiveCoin Hellenic Coin USD  vs   LiveCoin BlueCoin USD


Hellenic Coin on LiveCoin in USD
0.00  0.00%
Market Cap: 218


BlueCoin on LiveCoin in USD
0.00058  11.79%
Market Cap: 2.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Hellenic Coin USD is expected to under-perform the LiveCoin BlueCoin. In addition to that, LiveCoin Hellenic is 1.97 times more volatile than LiveCoin BlueCoin USD. It trades about -0.04 of its total potential returns per unit of risk. LiveCoin BlueCoin USD is currently generating about 0.02 per unit of volatility. If you would invest  0.61  in LiveCoin BlueCoin USD on February 21, 2018 and sell it today you would lose (0.06)  from holding LiveCoin BlueCoin USD or give up 9.84% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between LiveCoin Hellenic and LiveCoin BlueCoin


Time Period1 Month [change]
StrengthVery Weak
ValuesDaily Returns


Weak diversification

Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin Hellenic Coin USD and LiveCoin BlueCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin BlueCoin USD and LiveCoin Hellenic is a relative statistical measure of the degree to which these equity instruments tend to move together. The correlation coefficient measures the extent to which returns on LiveCoin Hellenic Coin USD are associated (or correlated) with LiveCoin BlueCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin BlueCoin USD has no effect on the direction of LiveCoin Hellenic i.e. LiveCoin Hellenic and LiveCoin BlueCoin go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

LiveCoin Hellenic Coin


Risk-Adjusted Performance

Over the last 30 days LiveCoin Hellenic Coin USD has generated negative risk-adjusted returns adding no value to investors with long positions.

LiveCoin BlueCoin USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin BlueCoin USD are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days.