Pair Correlation Between Yobit Chip and Yobit MaxCoin

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

Yobit Chip USD  vs.  Yobit MaxCoin USD


Chip on Yobit in USD
0.00  0.00%
Market Cap: 4.0


MaxCoin on Yobit in USD
0.0311  29.56%
Market Cap: 1.2 K
 Performance (%) 

Pair Volatility

If you would invest  4.90  in Yobit MaxCoin USD on March 21, 2018 and sell it today you would earn a total of  2.51  from holding Yobit MaxCoin USD or generate 51.22% return on investment over 30 days.

Pair Corralation between Yobit Chip and Yobit MaxCoin

Time Period2 Months [change]
StrengthVery Weak
ValuesDaily Returns


Modest diversification

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

Comparative Volatility

 Predicted Return Density 
Yobit Chip USD  

Risk-Adjusted Performance

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

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit MaxCoin USD are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days.

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