Pair Correlation Between LiveCoin Karbo and Yobit Save

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


Karbo on LiveCoin in USD
0.0191  3.03%
Market Cap: 0


Save and Gain on Yobit in USD
0.003  5.66%
Market Cap: 201
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Karbo USD is expected to under-perform the Yobit Save. But the crypto apears to be less risky and, when comparing its historical volatility, LiveCoin Karbo USD is 28.1 times less risky than Yobit Save. The crypto trades about -0.17 of its potential returns per unit of risk. The Yobit Save and Gain USD is currently generating about 0.28 of returns per unit of risk over similar time horizon. If you would invest  0.41  in Yobit Save and Gain USD on February 15, 2018 and sell it today you would earn a total of  6.54  from holding Yobit Save and Gain USD or generate 1609.3% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between LiveCoin Karbo and Yobit Save


Time Period1 Month [change]
ValuesDaily Returns


Average diversification

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

Comparative Volatility

 Predicted Return Density 

LiveCoin Karbo USD


Risk-Adjusted Performance

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

Yobit Save and


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Save and Gain USD are ranked lower than 18 (%) of all global equities and portfolios over the last 30 days.