Pair Correlation Between Yobit Dark and Yobit SibCoin

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


Dark Moon on Yobit in USD
0.000002  0.18%
Market Cap: 4.0


SibCoin on Yobit in USD
0.04  2.90%
Market Cap: 1.2 K
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit Dark Moon USD is expected to generate 6.36 times more return on investment than Yobit SibCoin. However, Yobit Dark is 6.36 times more volatile than Yobit SibCoin USD. It trades about 0.19 of its potential returns per unit of risk. Yobit SibCoin USD is currently generating about -0.06 per unit of risk. If you would invest  0.08  in Yobit Dark Moon USD on February 22, 2018 and sell it today you would earn a total of  0.03  from holding Yobit Dark Moon USD or generate 33.94% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Yobit Dark and Yobit SibCoin


Time Period1 Month [change]
ValuesDaily Returns


Poor diversification

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

Comparative Volatility

 Predicted Return Density 

Yobit Dark Moon


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Dark Moon USD are ranked lower than 12 (%) of all global equities and portfolios over the last 30 days.

Yobit SibCoin USD


Risk-Adjusted Performance

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