Correlation Analysis Between LiveCoin LEOcoin and Exmo Bitcoin

This module allows you to analyze existing cross correlation between LiveCoin LEOcoin USD and Exmo Bitcoin USD. You can compare the effects of market volatilities on LiveCoin LEOcoin and Exmo Bitcoin 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 LEOcoin with a short position of Exmo Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin LEOcoin and Exmo Bitcoin.
Horizon     30 Days    Login   to change
Compare Efficiency

Comparative Performance

LiveCoin LEOcoin USD  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin LEOcoin USD are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days.
Exmo Bitcoin USD  

Risk-Adjusted Performance

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

LiveCoin LEOcoin and Exmo Bitcoin Volatility Contrast

 Predicted Return Density 

LiveCoin LEOcoin USD  vs.  Exmo Bitcoin USD


LEOcoin on LiveCoin in USD

0.00314  4.53%
Market Cap: 251


Bitcoin on Exmo in USD

(43.58)  1.17%
Market Cap: 4.3 B
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin LEOcoin USD is expected to generate 4.02 times more return on investment than Exmo Bitcoin. However, LiveCoin LEOcoin is 4.02 times more volatile than Exmo Bitcoin USD. It trades about 0.05 of its potential returns per unit of risk. Exmo Bitcoin USD is currently generating about -0.09 per unit of risk. If you would invest  7.11  in LiveCoin LEOcoin USD on January 18, 2019 and sell it today you would earn a total of  0.13  from holding LiveCoin LEOcoin USD or generate 1.83% return on investment over 30 days.

Pair Corralation between LiveCoin LEOcoin and Exmo Bitcoin

Time Period2 Months [change]
ValuesDaily Returns

Diversification Opportunities for LiveCoin LEOcoin and Exmo Bitcoin

LiveCoin LEOcoin USD diversification synergy

Very good diversification

Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin LEOcoin USD and Exmo Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Exmo Bitcoin USD and LiveCoin LEOcoin 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 LEOcoin USD are associated (or correlated) with Exmo Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Exmo Bitcoin USD has no effect on the direction of LiveCoin LEOcoin i.e. LiveCoin LEOcoin and Exmo Bitcoin go up and down completely randomly.

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LiveCoin LEOcoin USD

Pair trading matchups for LiveCoin LEOcoin

See also your portfolio center. Please also try Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.