Pair Correlation Between Bitstamp Ethereum and Yobit Bitcloud

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


Ethereum on Bitstamp in USD
1.41  0.25%
Market Cap: 11.5 B


Bitcloud on Yobit in USD
0.01057  42.28%
Market Cap: 3.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Bitstamp Ethereum USD is expected to under-perform the Yobit Bitcloud. But the crypto apears to be less risky and, when comparing its historical volatility, Bitstamp Ethereum USD is 9.77 times less risky than Yobit Bitcloud. The crypto trades about -0.35 of its potential returns per unit of risk. The Yobit Bitcloud USD is currently generating about 0.13 of returns per unit of risk over similar time horizon. If you would invest  3.30  in Yobit Bitcloud USD on February 19, 2018 and sell it today you would earn a total of  0.26  from holding Yobit Bitcloud USD or generate 7.79% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Bitstamp Ethereum and Yobit Bitcloud


Time Period1 Month [change]
ValuesDaily Returns


Poor diversification

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

Comparative Volatility

 Predicted Return Density 

Bitstamp Ethereum USD


Risk-Adjusted Performance

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

Yobit Bitcloud USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Bitcloud USD are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days.