Pair Correlation Between LiveCoin Adzcoin and Yobit Sativa

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


Adzcoin on LiveCoin in USD
0.00009  0.25%
Market Cap: 3.0


Sativa Coin on Yobit in USD
0.02547  51.49%
Market Cap: 32.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Adzcoin USD is expected to under-perform the Yobit Sativa. But the crypto apears to be less risky and, when comparing its historical volatility, LiveCoin Adzcoin USD is 5.12 times less risky than Yobit Sativa. The crypto trades about -0.12 of its potential returns per unit of risk. The Yobit Sativa Coin USD is currently generating about 0.15 of returns per unit of risk over similar time horizon. If you would invest  5.00  in Yobit Sativa Coin USD on February 15, 2018 and sell it today you would lose (2.60)  from holding Yobit Sativa Coin USD or give up 52.0% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between LiveCoin Adzcoin 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 LiveCoin Adzcoin USD 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 LiveCoin Adzcoin 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 LiveCoin Adzcoin 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 LiveCoin Adzcoin i.e. LiveCoin Adzcoin and Yobit Sativa go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

LiveCoin Adzcoin USD


Risk-Adjusted Performance

Over the last 30 days LiveCoin Adzcoin 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 10 (%) of all global equities and portfolios over the last 30 days.