Pair Correlation Between Yobit GeoCoin and Cexio Ethereum

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

Yobit GeoCoin USD  vs.  Cexio Ethereum USD


GeoCoin on Yobit in USD
0.06558  48.33%
Market Cap: 54.0


Ethereum on Cexio in USD
3.05  0.50%
Market Cap: 754.6 M
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit GeoCoin USD is expected to generate 7.2 times more return on investment than Cexio Ethereum. However, Yobit GeoCoin is 7.2 times more volatile than Cexio Ethereum USD. It trades about 0.05 of its potential returns per unit of risk. Cexio Ethereum USD is currently generating about -0.09 per unit of risk. If you would invest  60.00  in Yobit GeoCoin USD on March 23, 2018 and sell it today you would lose (52.99)  from holding Yobit GeoCoin USD or give up 88.31% of portfolio value over 30 days.

Pair Corralation between Yobit GeoCoin and Cexio Ethereum

Time Period2 Months [change]
ValuesDaily Returns


Poor diversification

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

Comparative Volatility

 Predicted Return Density 
Yobit GeoCoin USD  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit GeoCoin USD are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days.
Cexio Ethereum USD  

Risk-Adjusted Performance

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

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See also your portfolio center. Please also try Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.