Correlation Analysis Between LiveCoin Lisk and CCEX Dogecoin

This module allows you to analyze existing cross correlation between LiveCoin Lisk USD and CCEX Dogecoin USD. You can compare the effects of market volatilities on LiveCoin Lisk and CCEX Dogecoin 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 CCEX Dogecoin. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin Lisk and CCEX Dogecoin.
 Time Horizon     30 Days    Login   to change
Symbolsvs

LiveCoin Lisk USD  vs.  CCEX Dogecoin USD

LiveCoin

Lisk on LiveCoin in USD
 5.50 
0.40  6.78%
Market Cap: 30.1 K
  

CCEX

Dogecoin on CCEX in USD
 0.0023 
0.0003  11.54%
Market Cap: 47.0
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Lisk USD is expected to under-perform the CCEX Dogecoin. But the crypto apears to be less risky and, when comparing its historical volatility, LiveCoin Lisk USD is 1.51 times less risky than CCEX Dogecoin. The crypto trades about -0.4 of its potential returns per unit of risk. The CCEX Dogecoin USD is currently generating about -0.2 of returns per unit of risk over similar time horizon. If you would invest  0.39  in CCEX Dogecoin USD on May 25, 2018 and sell it today you would lose (0.15)  from holding CCEX Dogecoin USD or give up 38.29% of portfolio value over 30 days.

Pair Corralation between LiveCoin Lisk and CCEX Dogecoin

0.86
Time Period1 Month [change]
DirectionPositive 
StrengthStrong
Accuracy100.0%
ValuesDaily Returns

Diversification

Very poor diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
LiveCoin Lisk USD  
0 

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.
CCEX Dogecoin USD  
0 

Risk-Adjusted Performance

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

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