Pair Correlation Between Cexio Ethereum and Yobit GeoCoin

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

Cexio Ethereum USD  vs.  Yobit GeoCoin USD


Ethereum on Cexio in USD
1.26  0.21%
Market Cap: 754.6 M


GeoCoin on Yobit in USD
0.0657  93.86%
Market Cap: 54.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Cexio Ethereum USD is expected to under-perform the Yobit GeoCoin. But the crypto apears to be less risky and, when comparing its historical volatility, Cexio Ethereum USD is 7.15 times less risky than Yobit GeoCoin. The crypto trades about -0.09 of its potential returns per unit of risk. The Yobit GeoCoin USD is currently generating about 0.07 of returns per unit of risk over similar time horizon. If you would invest  61.10  in Yobit GeoCoin USD on March 22, 2018 and sell it today you would lose (47.53)  from holding Yobit GeoCoin USD or give up 77.79% of portfolio value over 30 days.

Pair Corralation between Cexio Ethereum and Yobit GeoCoin

Time Period2 Months [change]
ValuesDaily Returns


Poor diversification

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

Comparative Volatility

 Predicted Return Density 
Cexio Ethereum USD  

Risk-Adjusted Performance

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

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit GeoCoin USD are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days.

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