Correlation Analysis Between Yobit BitCurrency and Yobit eMark

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

Yobit BitCurrency USD  vs.  Yobit eMark USD

Yobit

BitCurrency on Yobit in USD
 0.00159 
0.00005  3.25%
Market Cap: 28.0
  

Yobit

eMark on Yobit in USD
 0.01369 
0.00299  17.93%
Market Cap: 28.0
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Yobit BitCurrency is expected to generate 8.87 times less return on investment than Yobit eMark. But when comparing it to its historical volatility, Yobit BitCurrency USD is 2.2 times less risky than Yobit eMark. It trades about 0.02 of its potential returns per unit of risk. Yobit eMark USD is currently generating about 0.08 of returns per unit of risk over similar time horizon. If you would invest  2.00  in Yobit eMark USD on June 17, 2018 and sell it today you would lose (0.63)  from holding Yobit eMark USD or give up 31.55% of portfolio value over 30 days.

Pair Corralation between Yobit BitCurrency and Yobit eMark

-0.25
Time Period1 Month [change]
DirectionNegative 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Very good diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
Yobit BitCurrency USD  
1 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit BitCurrency USD are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days.
Yobit eMark USD  
5 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit eMark USD are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days.

My Equities

My Current Equities and Potential Positions
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GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1188.82

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