Correlation Analysis Between LiveCoin Bitcoin and Bitstamp Bitcoin

This module allows you to analyze existing cross correlation between LiveCoin Bitcoin USD and Bitstamp Bitcoin USD. You can compare the effects of market volatilities on LiveCoin Bitcoin and Bitstamp Bitcoin 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 Bitcoin with a short position of Bitstamp Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin Bitcoin and Bitstamp Bitcoin.
Horizon     30 Days    Login   to change
Symbolsvs
Check Efficiency

Comparative Performance

LiveCoin Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days LiveCoin Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, LiveCoin Bitcoin is not utilizing all of its potentials. The current stock price disturbance, may contribute to mid-run losses for the stockholder.
Bitstamp Bitcoin USD  
00

Risk-Adjusted Performance

Over the last 30 days Bitstamp Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Even with weak performance in the last few months, the Crypto's technical indicators remain considerably steady which may send shares a bit higher in October 2019. The new chaos may also be a sign of medium term up-swing for the entity stakeholders.

LiveCoin Bitcoin and Bitstamp Bitcoin Volatility Contrast

LiveCoin Bitcoin USD  vs.  Bitstamp Bitcoin USD

LiveCoin

Bitcoin on LiveCoin in USD

 10,747 
147.27  1.39%
Market Cap: 113.7 B
  

Bitstamp

Bitcoin on Bitstamp in USD

 10,303 
(22.28)  0.22%
Market Cap: 1100.9 B
 444.51 
4.14% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Bitcoin USD is expected to generate 0.08 times more return on investment than Bitstamp Bitcoin. However, LiveCoin Bitcoin USD is 11.77 times less risky than Bitstamp Bitcoin. It trades about 0.71 of its potential returns per unit of risk. Bitstamp Bitcoin USD is currently generating about -0.71 per unit of risk. If you would invest  1,060,002  in LiveCoin Bitcoin USD on August 17, 2019 and sell it today you would earn a total of  1,648  from holding LiveCoin Bitcoin USD or generate 0.16% return on investment over 30 days.

Pair Corralation between LiveCoin Bitcoin and Bitstamp Bitcoin

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for LiveCoin Bitcoin and Bitstamp Bitcoin

LiveCoin Bitcoin USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin Bitcoin USD and Bitstamp Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bitstamp Bitcoin USD and LiveCoin Bitcoin 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 Bitcoin USD are associated (or correlated) with Bitstamp Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitstamp Bitcoin USD has no effect on the direction of LiveCoin Bitcoin i.e. LiveCoin Bitcoin and Bitstamp Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.


 
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