Pair Correlation Between HitBTC ZCash and Yobit TittieCoin

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


ZCash on HitBTC in USD
(127.29)  19.35%
Market Cap: 1.4 B


TittieCoin on Yobit in USD
0.00039  29.32%
Market Cap: 657
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, HitBTC ZCash is expected to generate 2295.19 times less return on investment than Yobit TittieCoin. But when comparing it to its historical volatility, HitBTC ZCash USD is 12.43 times less risky than Yobit TittieCoin. It trades about 0.0 of its potential returns per unit of risk. Yobit TittieCoin USD is currently generating about 0.29 of returns per unit of risk over similar time horizon. If you would invest  0.04  in Yobit TittieCoin USD on December 17, 2017 and sell it today you would earn a total of  0.13  from holding Yobit TittieCoin USD or generate 358.67% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between HitBTC ZCash and Yobit TittieCoin


Time Period1 Month [change]
ValuesDaily Returns


Very poor diversification

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

Comparative Volatility

 Predicted Return Density 



Risk-Adjusted Performance

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

Yobit TittieCoin USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit TittieCoin USD are ranked lower than 18 (%) of all global equities and portfolios over the last 30 days.