Pair Correlation Between Yobit BiosCrypto and HitBTC Bancor

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


BiosCrypto on Yobit in USD
0.000091  4.55%
Market Cap: 0


Bancor Network Token on HitBTC in USD
0.05  0.97%
Market Cap: 581.6 K
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit BiosCrypto USD is expected to generate 19.97 times more return on investment than HitBTC Bancor. However, Yobit BiosCrypto is 19.97 times more volatile than HitBTC Bancor Network Token USD. It trades about 0.26 of its potential returns per unit of risk. HitBTC Bancor Network Token USD is currently generating about -0.11 per unit of risk. If you would invest  0.68  in Yobit BiosCrypto USD on January 25, 2018 and sell it today you would lose (0.49)  from holding Yobit BiosCrypto USD or give up 71.93% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between Yobit BiosCrypto and HitBTC Bancor


Time Period1 Month [change]
ValuesDaily Returns


Good diversification

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

Comparative Volatility

 Predicted Return Density 

Yobit BiosCrypto USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit BiosCrypto USD are ranked lower than 16 (%) of all global equities and portfolios over the last 30 days.

Yobit BiosCrypto USD

Pair trading matchups for Yobit BiosCrypto

HitBTC Bancor Network


Risk-Adjusted Performance

Over the last 30 days HitBTC Bancor Network Token USD has generated negative risk-adjusted returns adding no value to investors with long positions.

HitBTC Bancor Network Token USD

Pair trading matchups for HitBTC Bancor