Pair Correlation Between Yobit BeardDollars and LiveCoin NEM

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


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


NEM on LiveCoin in USD
0.0134  4.71%
Market Cap: 39.6 K
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit BeardDollars USD is expected to generate 6.91 times more return on investment than LiveCoin NEM. However, Yobit BeardDollars is 6.91 times more volatile than LiveCoin NEM USD. It trades about 0.18 of its potential returns per unit of risk. LiveCoin NEM USD is currently generating about -0.24 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 NEM


Time Period1 Month [change]
ValuesDaily Returns


Average diversification

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


Risk-Adjusted Performance

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