Pair Correlation Between LiveCoin LEOcoin and Yobit Avatar

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


LEOcoin on LiveCoin in USD
0.0188  7.67%
Market Cap: 1.8 K


Avatar Coin on Yobit in USD
0.016  10.96%
Market Cap: 59.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin LEOcoin USD is expected to under-perform the Yobit Avatar. But the crypto apears to be less risky and, when comparing its historical volatility, LiveCoin LEOcoin USD is 19.63 times less risky than Yobit Avatar. The crypto trades about -0.07 of its potential returns per unit of risk. The Yobit Avatar Coin USD is currently generating about 0.22 of returns per unit of risk over similar time horizon. If you would invest  15.00  in Yobit Avatar Coin USD on February 17, 2018 and sell it today you would lose (2.00)  from holding Yobit Avatar Coin USD or give up 13.33% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between LiveCoin LEOcoin and Yobit Avatar


Time Period1 Month [change]
ValuesDaily Returns


Good diversification

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

Comparative Volatility

 Predicted Return Density 

LiveCoin LEOcoin USD


Risk-Adjusted Performance

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

Yobit Avatar Coin


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Avatar Coin USD are ranked lower than 14 (%) of all global equities and portfolios over the last 30 days.