Correlation Analysis Between LiveCoin LEOcoin and Yobit Global

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

LiveCoin LEOcoin USD  vs.  Yobit Global Currency Reserve


LEOcoin on LiveCoin in USD

0.003  2.37%
Market Cap: 59.0


Global Currency Reserve on Yobit in USD

0.0305  11.75%
Market Cap: 69.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin LEOcoin USD is expected to under-perform the Yobit Global. But the crypto apears to be less risky and, when comparing its historical volatility, LiveCoin LEOcoin USD is 3.45 times less risky than Yobit Global. The crypto trades about -0.3 of its potential returns per unit of risk. The Yobit Global Currency Reserve USD is currently generating about 0.21 of returns per unit of risk over similar time horizon. If you would invest  15.34  in Yobit Global Currency Reserve USD on August 23, 2018 and sell it today you would earn a total of  10.62  from holding Yobit Global Currency Reserve USD or generate 69.23% return on investment over 30 days.

Pair Corralation between LiveCoin LEOcoin and Yobit Global

Time Period1 Month [change]
StrengthVery Weak
ValuesDaily Returns


Excellent diversification

Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin LEOcoin 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 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 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 LEOcoin i.e. LiveCoin LEOcoin and Yobit Global 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 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 13 (%) of all global equities and portfolios over the last 30 days.

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