Pair Correlation Between HitBTC Bancor and Yobit Sativa

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


Bancor Network Token on HitBTC in USD
0.11  3.91%
Market Cap: 881.3 K


Sativa Coin on Yobit in USD
0.02547  106.12%
Market Cap: 32.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, HitBTC Bancor Network Token USD is expected to under-perform the Yobit Sativa. But the crypto apears to be less risky and, when comparing its historical volatility, HitBTC Bancor Network Token USD is 12.52 times less risky than Yobit Sativa. The crypto trades about -0.48 of its potential returns per unit of risk. The Yobit Sativa Coin USD is currently generating about 0.19 of returns per unit of risk over similar time horizon. If you would invest  5.00  in Yobit Sativa Coin USD on February 16, 2018 and sell it today you would lose (0.05)  from holding Yobit Sativa Coin USD or give up 1.06% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between HitBTC Bancor and Yobit Sativa


Time Period1 Month [change]
ValuesDaily Returns


Poor diversification

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

Comparative Volatility

 Predicted Return Density 

HitBTC Bancor Network


Risk-Adjusted Performance

Over the last 30 days HitBTC Bancor Network Token USD has generated negative risk-adjusted returns adding no value to investors with long positions.

Yobit Sativa Coin


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Sativa Coin USD are ranked lower than 12 (%) of all global equities and portfolios over the last 30 days.