Correlation Analysis Between Yobit BitCurrency and LiveCoin TrustCoin

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

Yobit BitCurrency USD  vs.  LiveCoin TrustCoin USD


BitCurrency on Yobit in USD
0.000056  5.92%
Market Cap: 28.0


TrustCoin on LiveCoin in USD
0.00355  11.99%
Market Cap: 26.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit BitCurrency USD is expected to under-perform the LiveCoin TrustCoin. In addition to that, Yobit BitCurrency is 1.02 times more volatile than LiveCoin TrustCoin USD. It trades about -0.08 of its total potential returns per unit of risk. LiveCoin TrustCoin USD is currently generating about 0.03 per unit of volatility. If you would invest  3.95  in LiveCoin TrustCoin USD on June 22, 2018 and sell it today you would lose (0.64)  from holding LiveCoin TrustCoin USD or give up 16.08% of portfolio value over 30 days.

Pair Corralation between Yobit BitCurrency and LiveCoin TrustCoin

Time Period1 Month [change]
StrengthVery Weak
ValuesDaily Returns


Modest diversification

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

Comparative Volatility

 Predicted Return Density 
Yobit BitCurrency USD  

Risk-Adjusted Performance

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

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin TrustCoin USD are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days.

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