Pair Correlation Between Yobit BuzzCoin and Coinbase Bitcoin

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


BuzzCoin on Yobit in USD
(0.000002)  0.16%
Market Cap: 1.9 K


Bitcoin on Coinbase in USD
731.76  6.21%
Market Cap: 1659.4 B
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit BuzzCoin USD is expected to generate 4.48 times more return on investment than Coinbase Bitcoin. However, Yobit BuzzCoin is 4.48 times more volatile than Coinbase Bitcoin USD. It trades about 0.27 of its potential returns per unit of risk. Coinbase Bitcoin USD is currently generating about -0.05 per unit of risk. If you would invest  0.03  in Yobit BuzzCoin USD on December 21, 2017 and sell it today you would earn a total of  0.09  from holding Yobit BuzzCoin USD or generate 283.23% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Yobit BuzzCoin and Coinbase Bitcoin


Time Period1 Month [change]
ValuesDaily Returns


Average diversification

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

Comparative Volatility

 Predicted Return Density 

Yobit BuzzCoin USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit BuzzCoin USD are ranked lower than 17 (%) of all global equities and portfolios over the last 30 days.

Yobit BuzzCoin USD

Pair trading matchups for Yobit BuzzCoin

Coinbase Bitcoin USD


Risk-Adjusted Performance

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

Coinbase Bitcoin USD

Pair trading matchups for Coinbase Bitcoin