Pair Correlation Between CCEX CryptoCarbon and Yobit TittieCoin

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

CCEX

CryptoCarbon on CCEX in USD
 0.4 
(0.0081)  1.98%
Market Cap: 17.0

Yobit

TittieCoin on Yobit in USD
 0.000375 
0.000195  108.33%
Market Cap: 4.0
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, CCEX CryptoCarbon is expected to generate 2.45750877781386E12 times less return on investment than Yobit TittieCoin. But when comparing it to its historical volatility, CCEX CryptoCarbon USD is 2.10805229692071E12 times less risky than Yobit TittieCoin. It trades about 0.15 of its potential returns per unit of risk. Yobit TittieCoin USD is currently generating about 0.18 of returns per unit of risk over similar time horizon. If you would invest  0.00  in Yobit TittieCoin USD on November 13, 2017 and sell it today you would earn a total of  0.04  from holding Yobit TittieCoin USD or generate 9.223372036854776E16% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between CCEX CryptoCarbon and Yobit TittieCoin
-0.79

Parameters

Time Period1 Month [change]
DirectionNegative 
StrengthWeak
Accuracy96.77%
ValuesDaily Returns

Diversification

Pay attention

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

Comparative Volatility

 Predicted Return Density 
      Returns 

CCEX CryptoCarbon USD

  
10 

Risk-Adjusted Performance

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

CCEX CryptoCarbon USD

Pair trading matchups for CCEX CryptoCarbon

Yobit TittieCoin USD

  
11 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit TittieCoin USD are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days.

Yobit TittieCoin USD

Pair trading matchups for Yobit TittieCoin