Pair Correlation Between HitBTC PeerCoin and Yobit Decred

This module allows you to analyze existing cross correlation between HitBTC PeerCoin USD and Yobit Decred USD. You can compare the effects of market volatilities on HitBTC PeerCoin and Yobit Decred 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 HitBTC PeerCoin with a short position of Yobit Decred. See also your portfolio center. Please also check ongoing floating volatility patterns of HitBTC PeerCoin and Yobit Decred.
 Time Horizon     30 Days    Login   to change

HitBTC PeerCoin USD  vs.  Yobit Decred USD


PeerCoin on HitBTC in USD
0.02  0.81%
Market Cap: 53.9 K


Decred on Yobit in USD
6.63  8.84%
Market Cap: 2.4 K
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, HitBTC PeerCoin USD is expected to under-perform the Yobit Decred. But the crypto apears to be less risky and, when comparing its historical volatility, HitBTC PeerCoin USD is 1.72 times less risky than Yobit Decred. The crypto trades about -0.05 of its potential returns per unit of risk. The Yobit Decred USD is currently generating about 0.04 of returns per unit of risk over similar time horizon. If you would invest  7,656  in Yobit Decred USD on March 27, 2018 and sell it today you would lose (156.00)  from holding Yobit Decred USD or give up 2.04% of portfolio value over 30 days.

Pair Corralation between HitBTC PeerCoin and Yobit Decred

Time Period2 Months [change]
ValuesDaily Returns


Very poor diversification

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

Comparative Volatility

 Predicted Return Density 
HitBTC PeerCoin USD  

Risk-Adjusted Performance

Over the last 30 days HitBTC PeerCoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Yobit Decred USD  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Decred USD are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days.

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