Pair Correlation Between Yobit BolivarCoin and CCEX YoCoin

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


BolivarCoin on Yobit in USD
0.02499  49.97%
Market Cap: 48.0


YoCoin on CCEX in USD
(0.02661)  72.53%
Market Cap: 67.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit BolivarCoin USD is expected to generate 2.71 times more return on investment than CCEX YoCoin. However, Yobit BolivarCoin is 2.71 times more volatile than CCEX YoCoin USD. It trades about 0.18 of its potential returns per unit of risk. CCEX YoCoin USD is currently generating about 0.01 per unit of risk. If you would invest  2  in Yobit BolivarCoin USD on November 16, 2017 and sell it today you would earn a total of  3  from holding Yobit BolivarCoin USD or generate 150.05% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Yobit BolivarCoin and CCEX YoCoin


Time Period1 Month [change]
ValuesDaily Returns


Pay attention

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

Comparative Volatility

 Predicted Return Density 

Yobit BolivarCoin USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit BolivarCoin USD are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days.



Risk-Adjusted Performance

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