Correlation Analysis Between LiveCoin BlueCoin and Yobit DebitCoin

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

LiveCoin BlueCoin USD  vs.  Yobit DebitCoin USD

LiveCoin

BlueCoin on LiveCoin in USD
 0.00542 
0.00064  10.56%
Market Cap: 6.0
  

Yobit

DebitCoin on Yobit in USD
 0.0025 
0.0005  16.67%
Market Cap: 2.0
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin BlueCoin USD is expected to generate 0.78 times more return on investment than Yobit DebitCoin. However, LiveCoin BlueCoin USD is 1.28 times less risky than Yobit DebitCoin. It trades about 0.19 of its potential returns per unit of risk. Yobit DebitCoin USD is currently generating about 0.07 per unit of risk. If you would invest  0.28  in LiveCoin BlueCoin USD on April 20, 2018 and sell it today you would earn a total of  0.26  from holding LiveCoin BlueCoin USD or generate 91.52% return on investment over 30 days.

Pair Corralation between LiveCoin BlueCoin and Yobit DebitCoin

-0.41
Time Period1 Month [change]
DirectionNegative 
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns

Diversification

Very good diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
LiveCoin BlueCoin USD  
12 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin BlueCoin USD are ranked lower than 12 (%) of all global equities and portfolios over the last 30 days.
Yobit DebitCoin USD  
4 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit DebitCoin USD are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days.

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GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1078.59

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See also your portfolio center. Please also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.