Pair Correlation Between Yobit EGOcoin and Yobit PandaCoin

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


EGOcoin on Yobit in USD
0.00  0.00%
Market Cap: 11.0


PandaCoin on Yobit in USD
0.000291  26.24%
Market Cap: 6.9 K
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit EGOcoin USD is expected to generate 2.68 times more return on investment than Yobit PandaCoin. However, Yobit EGOcoin is 2.68 times more volatile than Yobit PandaCoin USD. It trades about 0.24 of its potential returns per unit of risk. Yobit PandaCoin USD is currently generating about 0.27 per unit of risk. If you would invest  0.38  in Yobit EGOcoin USD on December 20, 2017 and sell it today you would lose (0.08)  from holding Yobit EGOcoin USD or give up 20.42% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between Yobit EGOcoin and Yobit PandaCoin


Time Period1 Month [change]
ValuesDaily Returns


Very good diversification

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

Comparative Volatility

 Predicted Return Density 

Yobit EGOcoin USD


Yobit EGOcoin USD

Pair trading matchups for Yobit EGOcoin

Yobit PandaCoin USD


Risk-Adjusted Performance

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

Yobit PandaCoin USD

Pair trading matchups for Yobit PandaCoin