Pair Correlation Between Coinbase Bitcoin and Yobit GeoCoin

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


Bitcoin on Coinbase in USD
(509.99)  4.44%
Market Cap: 1659.4 B


GeoCoin on Yobit in USD
(0.3)  4.29%
Market Cap: 771
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Coinbase Bitcoin USD is expected to under-perform the Yobit GeoCoin. But the crypto apears to be less risky and, when comparing its historical volatility, Coinbase Bitcoin USD is 23.74 times less risky than Yobit GeoCoin. The crypto trades about -0.2 of its potential returns per unit of risk. The Yobit GeoCoin USD is currently generating about 0.23 of returns per unit of risk over similar time horizon. If you would invest  110  in Yobit GeoCoin USD on December 18, 2017 and sell it today you would earn a total of  560  from holding Yobit GeoCoin USD or generate 509.09% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Coinbase Bitcoin and Yobit GeoCoin


Time Period1 Month [change]
ValuesDaily Returns


Very weak diversification

Overlapping area represents the amount of risk that can be diversified away by holding Coinbase Bitcoin 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 Coinbase Bitcoin 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 Coinbase Bitcoin 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 Coinbase Bitcoin i.e. Coinbase Bitcoin and Yobit GeoCoin go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

Coinbase Bitcoin USD


Risk-Adjusted Performance

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

Coinbase Bitcoin USD

Pair trading matchups for Coinbase Bitcoin

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 14 (%) of all global equities and portfolios over the last 30 days.

Yobit GeoCoin USD

Pair trading matchups for Yobit GeoCoin