Pair Correlation Between Yobit MaxCoin and Yobit ClubCoin

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

Yobit MaxCoin USD  vs.  Yobit ClubCoin USD

Yobit

MaxCoin on Yobit in USD
 0.11 
0.0052  5.20%
Market Cap: 1.2 K
  

Yobit

ClubCoin on Yobit in USD
 0.21 
0.31  59.56%
Market Cap: 195
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Yobit MaxCoin is expected to generate 1.67 times less return on investment than Yobit ClubCoin. But when comparing it to its historical volatility, Yobit MaxCoin USD is 2.21 times less risky than Yobit ClubCoin. It trades about 0.16 of its potential returns per unit of risk. Yobit ClubCoin USD is currently generating about 0.12 of returns per unit of risk over similar time horizon. If you would invest  120.00  in Yobit ClubCoin USD on March 20, 2018 and sell it today you would lose (54.42)  from holding Yobit ClubCoin USD or give up 45.35% of portfolio value over 30 days.

Pair Corralation between Yobit MaxCoin and Yobit ClubCoin

-0.74
Time Period2 Months [change]
DirectionNegative 
StrengthWeak
Accuracy98.36%
ValuesDaily Returns

Diversification

Pay attention

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

Comparative Volatility

 Predicted Return Density 
      Returns 
Yobit MaxCoin USD  
10 

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.
Yobit ClubCoin USD  
7 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit ClubCoin USD are ranked lower than 7 (%) of all global equities and portfolios over the last 30 days.

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Alphabet
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ExchangeNASDAQ
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