Pair Correlation Between Bitfinex Recovery and Yobit DebitCoin

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


Recovery Right Tokens on Bitfinex in USD
0.00237  4.56%
Market Cap: 14.0


DebitCoin on Yobit in USD
0.000556  13.90%
Market Cap: 0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Bitfinex Recovery Right Tokens USD is expected to under-perform the Yobit DebitCoin. But the crypto apears to be less risky and, when comparing its historical volatility, Bitfinex Recovery Right Tokens USD is 3.11 times less risky than Yobit DebitCoin. The crypto trades about -0.12 of its potential returns per unit of risk. The Yobit DebitCoin USD is currently generating about 0.11 of returns per unit of risk over similar time horizon. If you would invest  0.70  in Yobit DebitCoin USD on February 15, 2018 and sell it today you would lose (0.12)  from holding Yobit DebitCoin USD or give up 17.06% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between Bitfinex Recovery and Yobit DebitCoin


Time Period1 Month [change]
ValuesDaily Returns


Very poor diversification

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

Comparative Volatility

 Predicted Return Density 

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 DebitCoin USD


Risk-Adjusted Performance

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