Pair Correlation Between LiveCoin Litecoin and Yobit BeardDollars

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


Litecoin on LiveCoin in USD
5.74  3.43%
Market Cap: 37.3 M


BeardDollars on Yobit in USD
0.0001  1.96%
Market Cap: 5.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin Litecoin USD is expected to under-perform the Yobit BeardDollars. But the crypto apears to be less risky and, when comparing its historical volatility, LiveCoin Litecoin USD is 6.72 times less risky than Yobit BeardDollars. The crypto trades about -0.06 of its potential returns per unit of risk. The Yobit BeardDollars USD is currently generating about 0.05 of returns per unit of risk over similar time horizon. If you would invest  1.00  in Yobit BeardDollars USD on February 21, 2018 and sell it today you would lose (0.50)  from holding Yobit BeardDollars USD or give up 50.0% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between LiveCoin Litecoin and Yobit BeardDollars


Time Period1 Month [change]
StrengthVery Weak
ValuesDaily Returns


Weak diversification

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

Comparative Volatility

 Predicted Return Density 

LiveCoin Litecoin USD


Risk-Adjusted Performance

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

Yobit BeardDollars USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit BeardDollars USD are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days.