Pair Correlation Between LiveCoin CapriCoin and Yobit PetroDollar

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


CapriCoin on LiveCoin in USD
0.02269  6.35%
Market Cap: 151


PetroDollar on Yobit in USD
0.00069  2.62%
Market Cap: 19.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin CapriCoin USD is expected to generate 0.49 times more return on investment than Yobit PetroDollar. However, LiveCoin CapriCoin USD is 2.05 times less risky than Yobit PetroDollar. It trades about 0.03 of its potential returns per unit of risk. Yobit PetroDollar USD is currently generating about 0.0 per unit of risk. If you would invest  47.46  in LiveCoin CapriCoin USD on February 22, 2018 and sell it today you would lose (8.96)  from holding LiveCoin CapriCoin USD or give up 18.88% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between LiveCoin CapriCoin and Yobit PetroDollar


Time Period1 Month [change]
ValuesDaily Returns


Poor diversification

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

Comparative Volatility

 Predicted Return Density 

LiveCoin CapriCoin USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin CapriCoin USD are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days.

Yobit PetroDollar USD


Risk-Adjusted Performance

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