Pair Correlation Between LiveCoin Lisk and Bitfinex Recovery

This module allows you to analyze existing cross correlation between LiveCoin Lisk USD and Bitfinex Recovery Right Tokens USD. You can compare the effects of market volatilities on LiveCoin Lisk and Bitfinex Recovery 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 Lisk with a short position of Bitfinex Recovery. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin Lisk and Bitfinex Recovery.
 Time Horizon     30 Days    Login   to change
 LiveCoin Lisk USD  vs   Bitfinex Recovery Right Tokens


Lisk on LiveCoin in USD
0.38  2.98%
Market Cap: 812.3 K


Recovery Right Tokens on Bitfinex in USD
0.00239  3.90%
Market Cap: 14.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Lisk USD is expected to under-perform the Bitfinex Recovery. But the crypto apears to be less risky and, when comparing its historical volatility, LiveCoin Lisk USD is 1.93 times less risky than Bitfinex Recovery. The crypto trades about -0.29 of its potential returns per unit of risk. The Bitfinex Recovery Right Tokens USD is currently generating about 0.08 of returns per unit of risk over similar time horizon. If you would invest  5.57  in Bitfinex Recovery Right Tokens USD on February 21, 2018 and sell it today you would earn a total of  0.54  from holding Bitfinex Recovery Right Tokens USD or generate 9.65% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between LiveCoin Lisk and Bitfinex Recovery


Time Period1 Month [change]
ValuesDaily Returns


Very poor diversification

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

Comparative Volatility

 Predicted Return Density 

LiveCoin Lisk USD


Risk-Adjusted Performance

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

Bitfinex Recovery Right


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Bitfinex Recovery Right Tokens USD are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days.