Pair Correlation Between BitTrex Ethereum and Yobit B3

This module allows you to analyze existing cross correlation between BitTrex Ethereum Classic USD and Yobit B3 Coin USD. You can compare the effects of market volatilities on BitTrex Ethereum and Yobit B3 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 BitTrex Ethereum with a short position of Yobit B3. See also your portfolio center. Please also check ongoing floating volatility patterns of BitTrex Ethereum and Yobit B3.
 Time Horizon     30 Days    Login   to change
 BitTrex Ethereum Classic USD  vs   Yobit B3 Coin USD


Ethereum Classic on BitTrex in USD
0.97  3.23%
Market Cap: 88.6 M


B3 Coin on Yobit in USD
(0.00028)  9.43%
Market Cap: 16 K
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, BitTrex Ethereum is expected to generate 152.25 times less return on investment than Yobit B3. But when comparing it to its historical volatility, BitTrex Ethereum Classic USD is 7.27 times less risky than Yobit B3. It trades about 0.01 of its potential returns per unit of risk. Yobit B3 Coin USD is currently generating about 0.27 of returns per unit of risk over similar time horizon. If you would invest  0.05  in Yobit B3 Coin USD on December 20, 2017 and sell it today you would earn a total of  0.22  from holding Yobit B3 Coin USD or generate 472.13% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between BitTrex Ethereum and Yobit B3


Time Period1 Month [change]
StrengthVery Weak
ValuesDaily Returns


Weak diversification

Overlapping area represents the amount of risk that can be diversified away by holding BitTrex Ethereum Classic USD and Yobit B3 Coin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit B3 Coin and BitTrex 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 BitTrex Ethereum Classic USD are associated (or correlated) with Yobit B3. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit B3 Coin has no effect on the direction of BitTrex Ethereum i.e. BitTrex Ethereum and Yobit B3 go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

BitTrex Ethereum Cla


Risk-Adjusted Performance

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

BitTrex Ethereum Classic USD

Pair trading matchups for BitTrex Ethereum

Yobit B3 Coin


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit B3 Coin USD are ranked lower than 17 (%) of all global equities and portfolios over the last 30 days.

Yobit B3 Coin USD

Pair trading matchups for Yobit B3