Correlation Analysis Between Bitfinex Recovery and Yobit Ubiqoin

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

Bitfinex Recovery Right Tokens  vs.  Yobit Ubiqoin USD

Bitfinex

Recovery Right Tokens on Bitfinex in USD

 0.03914 
0.00314  8.72%
Market Cap: 15.1 K
  

Yobit

Ubiqoin on Yobit in USD

 0.00133 
0.00  0.00%
Market Cap: 1.0
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  3.54  in Bitfinex Recovery Right Tokens USD on October 19, 2018 and sell it today you would earn a total of  0.37  from holding Bitfinex Recovery Right Tokens USD or generate 10.56% return on investment over 30 days.

Pair Corralation between Bitfinex Recovery and Yobit Ubiqoin

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy91.3%
ValuesDaily Returns

Diversification

Bitfinex Recovery Right Tokens diversification synergy

Pay attention

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

Comparative Volatility

 Predicted Return Density 
      Returns 
Bitfinex Recovery Right  
7 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Bitfinex Recovery Right Tokens USD are ranked lower than 7 (%) of all global equities and portfolios over the last 30 days.
Yobit Ubiqoin USD  
0 

Risk-Adjusted Performance

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

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