Pair Correlation Between LiveCoin E-Dinar and Yobit Global

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


E-Dinar Coin on LiveCoin in USD
0.00102  5.80%
Market Cap: 1.4 K


Global Currency Reserve on Yobit in USD
0.004  15.38%
Market Cap: 10.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin E-Dinar Coin USD is expected to under-perform the Yobit Global. But the crypto apears to be less risky and, when comparing its historical volatility, LiveCoin E-Dinar Coin USD is 7.74 times less risky than Yobit Global. The crypto trades about -0.2 of its potential returns per unit of risk. The Yobit Global Currency Reserve USD is currently generating about 0.09 of returns per unit of risk over similar time horizon. If you would invest  9.10  in Yobit Global Currency Reserve USD on February 16, 2018 and sell it today you would lose (6.50)  from holding Yobit Global Currency Reserve USD or give up 71.43% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between LiveCoin E-Dinar and Yobit Global


Time Period1 Month [change]
ValuesDaily Returns


Poor diversification

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

Comparative Volatility

 Predicted Return Density 

LiveCoin E-Dinar Coin


Risk-Adjusted Performance

Over the last 30 days LiveCoin E-Dinar Coin USD has generated negative risk-adjusted returns adding no value to investors with long positions.

Yobit Global Currency


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Global Currency Reserve USD are ranked lower than 6 (%) of all global equities and portfolios over the last 30 days.