Pair Correlation Between Yobit AudioCoin and Yobit B3

This module allows you to analyze existing cross correlation between Yobit AudioCoin USD and Yobit B3 Coin USD. You can compare the effects of market volatilities on Yobit AudioCoin and Yobit B3 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 Yobit B3. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit AudioCoin and Yobit B3.
 Time Horizon     30 Days    Login   to change
 Yobit AudioCoin USD  vs   Yobit B3 Coin USD


AudioCoin on Yobit in USD
0.00099  11.65%
Market Cap: 1.0


B3 Coin on Yobit in USD
0.0000374  3.73%
Market Cap: 913
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit AudioCoin USD is expected to generate 2.11 times more return on investment than Yobit B3. However, Yobit AudioCoin is 2.11 times more volatile than Yobit B3 Coin USD. It trades about 0.04 of its potential returns per unit of risk. Yobit B3 Coin USD is currently generating about -0.06 per unit of risk. If you would invest  3.00  in Yobit AudioCoin USD on January 21, 2018 and sell it today you would lose (2.25)  from holding Yobit AudioCoin USD or give up 74.97% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between Yobit AudioCoin and Yobit B3


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 Yobit B3 Coin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit B3 Coin 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 Yobit B3. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit B3 Coin has no effect on the direction of Yobit AudioCoin i.e. Yobit AudioCoin and Yobit B3 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 2 (%) of all global equities and portfolios over the last 30 days.

Yobit B3 Coin


Risk-Adjusted Performance

Over the last 30 days Yobit B3 Coin USD has generated negative risk-adjusted returns adding no value to investors with long positions.