Correlation Analysis Between LiveCoin Lisk and Poloniex Monero

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

LiveCoin Lisk USD  vs.  Poloniex Monero USD


Lisk on LiveCoin in USD

0.18  5.33%
Market Cap: 11 K


Monero on Poloniex in USD

1.16  1.02%
Market Cap: 21.5 M
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Lisk USD is expected to under-perform the Poloniex Monero. But the crypto apears to be less risky and, when comparing its historical volatility, LiveCoin Lisk USD is 1.36 times less risky than Poloniex Monero. The crypto trades about -0.38 of its potential returns per unit of risk. The Poloniex Monero USD is currently generating about 0.1 of returns per unit of risk over similar time horizon. If you would invest  10,272  in Poloniex Monero USD on August 26, 2018 and sell it today you would earn a total of  1,087  from holding Poloniex Monero USD or generate 10.58% return on investment over 30 days.

Pair Corralation between LiveCoin Lisk and Poloniex Monero

Time Period1 Month [change]
ValuesDaily Returns


Very good diversification

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

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Poloniex Monero USD are ranked lower than 6 (%) of all global equities and portfolios over the last 30 days.

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