Pair Correlation Between Yobit BeardDollars and LiveCoin Litecoin

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


BeardDollars on Yobit in USD
0.000001  0.0196%
Market Cap: 1.0


Litecoin on LiveCoin in USD
14.37  8.42%
Market Cap: 30.3 M
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit BeardDollars USD is expected to generate 10.01 times more return on investment than LiveCoin Litecoin. However, Yobit BeardDollars is 10.01 times more volatile than LiveCoin Litecoin USD. It trades about 0.18 of its potential returns per unit of risk. LiveCoin Litecoin USD is currently generating about -0.22 per unit of risk. If you would invest  0.30  in Yobit BeardDollars USD on February 15, 2018 and sell it today you would earn a total of  0.21  from holding Yobit BeardDollars USD or generate 70.0% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Yobit BeardDollars and LiveCoin Litecoin


Time Period1 Month [change]
ValuesDaily Returns


Very weak diversification

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

Comparative Volatility

 Predicted Return Density 

Yobit BeardDollars USD


Risk-Adjusted Performance

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

LiveCoin Litecoin USD


Risk-Adjusted Performance

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