Pair Correlation Between Yobit Ratecoin and Cexio Ethereum

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


Ratecoin on Yobit in USD
0.000414  15.45%
Market Cap: 40.0


Ethereum on Cexio in USD
4.10  0.77%
Market Cap: 920.7 M
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit Ratecoin USD is expected to generate 13.22 times more return on investment than Cexio Ethereum. However, Yobit Ratecoin is 13.22 times more volatile than Cexio Ethereum USD. It trades about 0.17 of its potential returns per unit of risk. Cexio Ethereum USD is currently generating about -0.35 per unit of risk. If you would invest  0.40  in Yobit Ratecoin USD on February 22, 2018 and sell it today you would lose (0.09)  from holding Yobit Ratecoin USD or give up 22.65% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between Yobit Ratecoin and Cexio Ethereum


Time Period1 Month [change]
StrengthVery Weak
ValuesDaily Returns


Weak diversification

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

Comparative Volatility

 Predicted Return Density 

Yobit Ratecoin USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Ratecoin USD are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days.

Cexio Ethereum USD


Risk-Adjusted Performance

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