Pair Correlation Between LiveCoin BlueCoin and Yobit SysCoin

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


BlueCoin on LiveCoin in USD
0.00058  11.79%
Market Cap: 2.0


SysCoin on Yobit in USD
0.000001  0.0002%
Market Cap: 67.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin BlueCoin USD is expected to under-perform the Yobit SysCoin. But the crypto apears to be less risky and, when comparing its historical volatility, LiveCoin BlueCoin USD is 2.45 times less risky than Yobit SysCoin. The crypto trades about -0.02 of its potential returns per unit of risk. The Yobit SysCoin USD is currently generating about 0.08 of returns per unit of risk over similar time horizon. If you would invest  62.40  in Yobit SysCoin USD on February 22, 2018 and sell it today you would lose (8.40)  from holding Yobit SysCoin USD or give up 13.46% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between LiveCoin BlueCoin and Yobit SysCoin


Time Period1 Month [change]
ValuesDaily Returns


Poor diversification

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


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit SysCoin USD are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days.