Correlation Analysis Between LiveCoin BlueCoin and Yobit Namecoin

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

LiveCoin BlueCoin USD  vs.  Yobit Namecoin USD


BlueCoin on LiveCoin in USD

0.00273  68.08%
Market Cap: 2.0


Namecoin on Yobit in USD

0.16  23.28%
Market Cap: 24.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin BlueCoin USD is expected to under-perform the Yobit Namecoin. In addition to that, LiveCoin BlueCoin is 1.32 times more volatile than Yobit Namecoin USD. It trades about 0.0 of its total potential returns per unit of risk. Yobit Namecoin USD is currently generating about 0.13 per unit of volatility. If you would invest  70.00  in Yobit Namecoin USD on August 22, 2018 and sell it today you would earn a total of  13.84  from holding Yobit Namecoin USD or generate 19.77% return on investment over 30 days.

Pair Corralation between LiveCoin BlueCoin and Yobit Namecoin

Time Period1 Month [change]
ValuesDaily Returns


Average diversification

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

Comparative Volatility

 Predicted Return Density 
LiveCoin BlueCoin USD  

Risk-Adjusted Performance

Over the last 30 days LiveCoin BlueCoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Yobit Namecoin USD  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Namecoin USD are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days.

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