Pair Correlation Between Bitfinex Recovery and Yobit iBankCoin

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

Bitfinex Recovery Right Tokens  vs.  Yobit iBankCoin USD


Recovery Right Tokens on Bitfinex in USD
0.00046  0.75%
Market Cap: 21.2 K


iBankCoin on Yobit in USD
0.002246  68.06%
Market Cap: 20.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Bitfinex Recovery is expected to generate 40.14 times less return on investment than Yobit iBankCoin. But when comparing it to its historical volatility, Bitfinex Recovery Right Tokens USD is 1.94 times less risky than Yobit iBankCoin. It trades about 0.0 of its potential returns per unit of risk. Yobit iBankCoin USD is currently generating about 0.02 of returns per unit of risk over similar time horizon. If you would invest  1.20  in Yobit iBankCoin USD on March 20, 2018 and sell it today you would lose (0.65)  from holding Yobit iBankCoin USD or give up 53.78% of portfolio value over 30 days.

Pair Corralation between Bitfinex Recovery and Yobit iBankCoin

Time Period2 Months [change]
StrengthVery Weak
ValuesDaily Returns


Weak diversification

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

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit iBankCoin USD are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days.

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