Pair Correlation Between HitBTC Verge and Yobit MaxCoin

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


Verge on HitBTC in USD
0.00281  8.46%
Market Cap: 15.4 K


MaxCoin on Yobit in USD
0.01894  55.64%
Market Cap: 57.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, HitBTC Verge USD is expected to under-perform the Yobit MaxCoin. But the crypto apears to be less risky and, when comparing its historical volatility, HitBTC Verge USD is 2.02 times less risky than Yobit MaxCoin. The crypto trades about -0.2 of its potential returns per unit of risk. The Yobit MaxCoin USD is currently generating about 0.03 of returns per unit of risk over similar time horizon. If you would invest  4.90  in Yobit MaxCoin USD on February 15, 2018 and sell it today you would lose (1.50)  from holding Yobit MaxCoin USD or give up 30.53% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between HitBTC Verge and Yobit MaxCoin


Time Period1 Month [change]
StrengthVery Weak
ValuesDaily Returns


Modest diversification

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

Comparative Volatility

 Predicted Return Density 

HitBTC Verge USD


Risk-Adjusted Performance

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

Yobit MaxCoin USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit MaxCoin USD are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days.