Correlation Analysis Between Yobit AudioCoin and Kraken ZCash

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

Yobit AudioCoin USD  vs.  Kraken ZCash USD


AudioCoin on Yobit in USD

0.0006  66.67%
Market Cap: 6.0


ZCash on Kraken in USD

0.06  0.0482%
Market Cap: 243.6 K
 Performance (%) 

Pair Volatility

If you would invest  0.09  in Yobit AudioCoin USD on September 21, 2018 and sell it today you would earn a total of  0.06  from holding Yobit AudioCoin USD or generate 66.67% return on investment over 30 days.

Pair Corralation between Yobit AudioCoin and Kraken ZCash

Time Period1 Month [change]
ValuesDaily Returns


Poor diversification

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

Comparative Volatility

 Predicted Return Density 
Yobit AudioCoin USD  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit AudioCoin USD are ranked lower than 12 (%) of all global equities and portfolios over the last 30 days.
Kraken ZCash USD  

Risk-Adjusted Performance

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

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