Pair Correlation Between Yobit BitCurrency and HitBTC Verge

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


BitCurrency on Yobit in USD
0.001202  32.47%
Market Cap: 8.0


Verge on HitBTC in USD
0.00139  3.09%
Market Cap: 883
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit BitCurrency USD is expected to generate 4.99 times more return on investment than HitBTC Verge. However, Yobit BitCurrency is 4.99 times more volatile than HitBTC Verge USD. It trades about 0.1 of its potential returns per unit of risk. HitBTC Verge USD is currently generating about -0.07 per unit of risk. If you would invest  0.47  in Yobit BitCurrency USD on February 23, 2018 and sell it today you would lose (0.22)  from holding Yobit BitCurrency USD or give up 46.81% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between Yobit BitCurrency and HitBTC Verge


Time Period1 Month [change]
ValuesDaily Returns


Good diversification

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

Comparative Volatility

 Predicted Return Density 

Yobit BitCurrency USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit BitCurrency USD are ranked lower than 6 (%) of all global equities and portfolios over the last 30 days.

HitBTC Verge USD


Risk-Adjusted Performance

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