Correlation Analysis Between Bitfinex Recovery and Yobit ClubCoin

This module allows you to analyze existing cross correlation between Bitfinex Recovery Right Tokens USD and Yobit ClubCoin USD. You can compare the effects of market volatilities on Bitfinex Recovery and Yobit ClubCoin 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 Bitfinex Recovery with a short position of Yobit ClubCoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Bitfinex Recovery and Yobit ClubCoin.
Horizon     30 Days    Login   to change
Compare Efficiency

Comparative Performance

Bitfinex Recovery Right  

Risk-Adjusted Performance

Over the last 30 days Bitfinex Recovery Right Tokens USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Yobit ClubCoin USD  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit ClubCoin USD are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days.

Bitfinex Recovery and Yobit ClubCoin Volatility Contrast

 Predicted Return Density 

Bitfinex Recovery Right Tokens  vs.  Yobit ClubCoin USD


Recovery Right Tokens on Bitfinex in USD

(0.00115)  3.17%
Market Cap: 91.0


ClubCoin on Yobit in USD

0.0002  0.05%
Market Cap: 5.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Bitfinex Recovery Right Tokens USD is expected to under-perform the Yobit ClubCoin. But the crypto apears to be less risky and, when comparing its historical volatility, Bitfinex Recovery Right Tokens USD is 5.56 times less risky than Yobit ClubCoin. The crypto trades about -0.03 of its potential returns per unit of risk. The Yobit ClubCoin USD is currently generating about 0.08 of returns per unit of risk over similar time horizon. If you would invest  33.80  in Yobit ClubCoin USD on December 17, 2018 and sell it today you would earn a total of  2.92  from holding Yobit ClubCoin USD or generate 8.64% return on investment over 30 days.

Pair Corralation between Bitfinex Recovery and Yobit ClubCoin

Time Period2 Months [change]
ValuesDaily Returns

Diversification Opportunities for Bitfinex Recovery and Yobit ClubCoin

Bitfinex Recovery Right Tokens diversification synergy

Average diversification

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

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See also your portfolio center. Please also try Commodity Channel Index module to use commodity channel index to analyze current equity momentum.