Pair Correlation Between Yobit GeoCoin and Yobit Golem

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

Yobit GeoCoin USD  vs.  Yobit Golem Network Token USD

Yobit

GeoCoin on Yobit in USD
 0.14 
0.0657  93.86%
Market Cap: 54.0
  

Yobit

Golem Network Token on Yobit in USD
 0.43 
0.0208  4.66%
Market Cap: 105
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Yobit GeoCoin USD is expected to generate 1.91 times more return on investment than Yobit Golem. However, Yobit GeoCoin is 1.91 times more volatile than Yobit Golem Network Token USD. It trades about 0.07 of its potential returns per unit of risk. Yobit Golem Network Token USD is currently generating about 0.09 per unit of risk. If you would invest  61.10  in Yobit GeoCoin USD on March 22, 2018 and sell it today you would lose (47.53)  from holding Yobit GeoCoin USD or give up 77.79% of portfolio value over 30 days.

Pair Corralation between Yobit GeoCoin and Yobit Golem

0.01
Time Period2 Months [change]
DirectionPositive 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Significant diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
Yobit GeoCoin USD  
4 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit GeoCoin USD are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days.
Yobit Golem Network  
5 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Golem Network Token USD are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days.

My Equities

My Current Equities and Potential Positions
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GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1072.96

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