Pair Correlation Between Yobit SpaceCoin and Yobit Golem

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

Yobit SpaceCoin USD  vs.  Yobit Golem Network Token USD

Yobit

SpaceCoin on Yobit in USD
 0.004501 
0.000001  0.0222%
Market Cap: 0
  

Yobit

Golem Network Token on Yobit in USD
 0.47 
0.0309  6.22%
Market Cap: 105
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Yobit SpaceCoin is expected to generate 2.9 times less return on investment than Yobit Golem. In addition to that, Yobit SpaceCoin is 1.08 times more volatile than Yobit Golem Network Token USD. It trades about 0.03 of its total potential returns per unit of risk. Yobit Golem Network Token USD is currently generating about 0.09 per unit of volatility. If you would invest  40.00  in Yobit Golem Network Token USD on March 22, 2018 and sell it today you would earn a total of  6.60  from holding Yobit Golem Network Token USD or generate 16.5% return on investment over 30 days.

Pair Corralation between Yobit SpaceCoin and Yobit Golem

-0.12
Time Period2 Months [change]
DirectionNegative 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Good diversification

Overlapping area represents the amount of risk that can be diversified away by holding Yobit SpaceCoin 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 SpaceCoin 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 SpaceCoin 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 SpaceCoin i.e. Yobit SpaceCoin and Yobit Golem go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
      Returns 
Yobit SpaceCoin USD  
1 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit SpaceCoin USD are ranked lower than 1 (%) 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.

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My Current Equities and Potential Positions
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GOOG - USA Stock
Alphabet
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Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1072.96

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