Pair Correlation Between Yobit Bitcoin and LiveCoin Bitcoin

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


Bitcoin on Yobit in USD
33.00  0.29%
Market Cap: 9.1 B


Bitcoin on LiveCoin in USD
10.24  0.0923%
Market Cap: 43.6 B
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit Bitcoin USD is expected to under-perform the LiveCoin Bitcoin. In addition to that, Yobit Bitcoin is 1.12 times more volatile than LiveCoin Bitcoin USD. It trades about -0.08 of its total potential returns per unit of risk. LiveCoin Bitcoin USD is currently generating about 0.02 per unit of volatility. If you would invest  1,122,034  in LiveCoin Bitcoin USD on January 20, 2018 and sell it today you would lose (13,958)  from holding LiveCoin Bitcoin USD or give up 1.24% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between Yobit Bitcoin and LiveCoin Bitcoin


Time Period1 Month [change]
StrengthVery Strong
ValuesDaily Returns


No risk reduction

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

Comparative Volatility

 Predicted Return Density 

Yobit Bitcoin USD


Risk-Adjusted Performance

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

LiveCoin Bitcoin USD


Risk-Adjusted Performance

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