Correlation Analysis Between LiveCoin Lisk and Yobit CryptoSpots

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

LiveCoin Lisk USD  vs.  Yobit CryptoSpots USD


Lisk on LiveCoin in USD

0.03  2.59%
Market Cap: 480


CryptoSpots on Yobit in USD

0.001469  19.51%
Market Cap: 1.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Lisk USD is expected to under-perform the Yobit CryptoSpots. But the crypto apears to be less risky and, when comparing its historical volatility, LiveCoin Lisk USD is 7.6 times less risky than Yobit CryptoSpots. The crypto trades about -0.29 of its potential returns per unit of risk. The Yobit CryptoSpots USD is currently generating about 0.12 of returns per unit of risk over similar time horizon. If you would invest  0.60  in Yobit CryptoSpots USD on November 13, 2018 and sell it today you would earn a total of  0.30  from holding Yobit CryptoSpots USD or generate 50.0% return on investment over 30 days.

Pair Corralation between LiveCoin Lisk and Yobit CryptoSpots

Time Period2 Months [change]
ValuesDaily Returns


LiveCoin Lisk USD diversification synergy

Very weak diversification

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

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit CryptoSpots USD are ranked lower than 7 (%) of all global equities and portfolios over the last 30 days.

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