Pair Correlation Between Yobit ReddCoin and Yobit LeaCoin

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


ReddCoin on Yobit in USD
0.0001096  2.01%
Market Cap: 4 K


LeaCoin on Yobit in USD
0.00  0.00%
Market Cap: 12.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit ReddCoin USD is expected to under-perform the Yobit LeaCoin. But the crypto apears to be less risky and, when comparing its historical volatility, Yobit ReddCoin USD is 1.66 times less risky than Yobit LeaCoin. The crypto trades about -0.2 of its potential returns per unit of risk. The Yobit LeaCoin USD is currently generating about 0.22 of returns per unit of risk over similar time horizon. If you would invest  0.11  in Yobit LeaCoin USD on February 21, 2018 and sell it today you would earn a total of  0.01  from holding Yobit LeaCoin USD or generate 9.0% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Yobit ReddCoin and Yobit LeaCoin


Time Period1 Month [change]
ValuesDaily Returns


Average diversification

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

Comparative Volatility

 Predicted Return Density 

Yobit ReddCoin USD


Risk-Adjusted Performance

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