Pair Correlation Between Bitfinex Recovery and Yobit Cerium

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


Recovery Right Tokens on Bitfinex in USD
0.0053  4.19%
Market Cap: 662.3 K


Cerium on Yobit in USD
(0.03603)  89.85%
Market Cap: 49.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Bitfinex Recovery Right Tokens USD is expected to under-perform the Yobit Cerium. But the crypto apears to be less risky and, when comparing its historical volatility, Bitfinex Recovery Right Tokens USD is 19.3 times less risky than Yobit Cerium. The crypto trades about -0.16 of its potential returns per unit of risk. The Yobit Cerium USD is currently generating about 0.24 of returns per unit of risk over similar time horizon. If you would invest  0.00  in Yobit Cerium USD on December 19, 2017 and sell it today you would earn a total of  4.01  from holding Yobit Cerium USD or generate 9.223372036854776E16% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Bitfinex Recovery and Yobit Cerium


Time Period1 Month [change]
StrengthVery Weak
ValuesDaily Returns


Weak diversification

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

Comparative Volatility

 Predicted Return Density 

Bitfinex Recovery Right


Risk-Adjusted Performance

Over the last 30 days Bitfinex Recovery Right Tokens USD has generated negative risk-adjusted returns adding no value to investors with long positions.

Bitfinex Recovery Right Tokens USD

Pair trading matchups for Bitfinex Recovery

Yobit Cerium USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Cerium USD are ranked lower than 15 (%) of all global equities and portfolios over the last 30 days.

Yobit Cerium USD

Pair trading matchups for Yobit Cerium