Pair Correlation Between Yobit Carboncoin and Yobit Ratecoin

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


Carboncoin on Yobit in USD
0.00003  4.48%
Market Cap: 360


Ratecoin on Yobit in USD
(0.00001)  0.16%
Market Cap: 12.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit Carboncoin is expected to generate 2.99 times less return on investment than Yobit Ratecoin. But when comparing it to its historical volatility, Yobit Carboncoin USD is 4.03 times less risky than Yobit Ratecoin. It trades about 0.3 of its potential returns per unit of risk. Yobit Ratecoin USD is currently generating about 0.22 of returns per unit of risk over similar time horizon. If you would invest  0.5  in Yobit Ratecoin USD on December 20, 2017 and sell it today you would earn a total of  0.12  from holding Yobit Ratecoin USD or generate 24.2% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Yobit Carboncoin and Yobit Ratecoin


Time Period1 Month [change]
ValuesDaily Returns


Significant diversification

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

Comparative Volatility

 Predicted Return Density 

Yobit Carboncoin USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Carboncoin USD are ranked lower than 19 (%) of all global equities and portfolios over the last 30 days.

Yobit Carboncoin USD

Pair trading matchups for Yobit Carboncoin

Yobit Ratecoin USD


Risk-Adjusted Performance

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

Yobit Ratecoin USD

Pair trading matchups for Yobit Ratecoin