Litecoin Related Correlations

LTC Crypto

USD 85.56 0.47 0.55%

Generate correlation matrix for Litecoin and other related equities to check the degree to which Litecoin price movement is correlated to its related entities. Use comma (,) to separate each symbol. If not specified, the peers will be provided automatically based on Macroaxis sector classification standards for Litecoin. To filter out specific equities, please toggle its corresponding legend item. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Litecoin. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.

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Please note, there is a significant difference between Litecoin's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine Litecoin value by looking at such factors as its true mass adoption, usability, application, safety as well as its ability to resist fraud and manipulation. On the other hand, Litecoin's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.

Correlations

	BTC	DOGE	BCH	ETC	XMR	AR	CFX	BSV	CKB	MIOTA
BTC		0.94	0.85	0.84	-0.27	0.95	0.78	0.67	0.94	0.72	BTC
DOGE	0.94		0.93	0.79	-0.18	0.93	0.79	0.63	0.88	0.64	DOGE
BCH	0.85	0.93		0.67	-0.28	0.79	0.68	0.54	0.84	0.46	BCH
ETC	0.84	0.79	0.67		0.04	0.86	0.71	0.94	0.73	0.88	ETC
XMR	-0.27	-0.18	-0.28	0.04		-0.1	-0.05	0.13	-0.33	0.13	XMR
AR	0.95	0.93	0.79	0.86	-0.1		0.85	0.7	0.85	0.77	AR
CFX	0.78	0.79	0.68	0.71	-0.05	0.85		0.59	0.63	0.79	CFX
BSV	0.67	0.63	0.54	0.94	0.13	0.7	0.59		0.54	0.86	BSV
CKB	0.94	0.88	0.84	0.73	-0.33	0.85	0.63	0.54		0.54	CKB
MIOTA	0.72	0.64	0.46	0.88	0.13	0.77	0.79	0.86	0.54		MIOTA
	BTC	DOGE	BCH	ETC	XMR	AR	CFX	BSV	CKB	MIOTA

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

AR	+ 0.95	BTC
DOGE	+ 0.94	BTC
CKB	+ 0.94	BTC
BSV	+ 0.94	ETC
BCH	+ 0.93	DOGE
AR	+ 0.93	DOGE

High negative correlations

CKB	- 0.33	XMR
XMR	- 0.28	BCH
XMR	- 0.27	BTC
XMR	- 0.18	DOGE
AR	- 0.1	XMR
CFX	- 0.05	XMR

Risk-Adjusted Indicators

There is a big difference between Litecoin Crypto Coin performing well and Litecoin Cryptocurrency doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Litecoin's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
BTC	2.47	0.67	0.22	1.08	2.34	(2.73)	9.35	(4.67)	16.75
DOGE	4.96	0.98	0.16	0.75	4.91	(6.87)	15.38	(11.11)	35.45
BCH	4.97	1.41	0.23	1.20	5.02	(5.66)	12.11	(7.57)	78.47
ETC	3.48	0.16	0.04	0.17	4.80	(3.68)	7.94	(8.84)	26.67
XMR	3.40	(0.09)	0.00	0.17	0.00	0.00	5.41	(5.51)	39.62
AR	7.26	2.18	0.33	1.04	5.70	(9.02)	18.01	(10.23)	71.06
CFX	6.01	0.61	0.07	0.29	7.43	(8.18)	13.64	(12.20)	46.05
BSV	4.65	0.07	0.02	0.12	6.41	(4.71)	7.81	(12.06)	48.53
CKB	9.50	3.28	0.53	0.55	5.83	(13.12)	31.73	(11.15)	101.94
MIOTA	4.22	0.11	0.02	0.13	5.42	(6.05)	9.09	(11.76)	34.74

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Litecoin Related Correlations

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