Correlation Analysis Between Yobit BitalphaCoin and CCEX GridCoin

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

Yobit BitalphaCoin USD  vs.  CCEX GridCoin USD

Yobit

BitalphaCoin on Yobit in USD

 0.002 
0.00  0.00%
Market Cap: 2.0
  

CCEX

GridCoin on CCEX in USD

 0.00941 
0.00  0.00%
Market Cap: 0
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.20  in Yobit BitalphaCoin USD on October 16, 2018 and sell it today you would earn a total of  0.00  from holding Yobit BitalphaCoin USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Yobit BitalphaCoin and CCEX GridCoin

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy11.11%
ValuesDaily Returns

Diversification

Yobit BitalphaCoin USD diversification synergy

Pay attention

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

Comparative Volatility

 Predicted Return Density 
      Returns 
Yobit BitalphaCoin USD  
0 

Risk-Adjusted Performance

Over the last 30 days Yobit BitalphaCoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
CCEX GridCoin USD  
0 

Risk-Adjusted Performance

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

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See also your portfolio center. Please also try Cryptocurrency Correlation module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins and exchanges.


 
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