Correlation Analysis Between Yobit Bitcoin and LakeBTC Bitcoin

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

Yobit Bitcoin USD  vs.  LakeBTC Bitcoin USD


Bitcoin on Yobit in USD
24.99  0.37%
Market Cap: 1.4 B


Bitcoin on LakeBTC in USD
500.74  7.21%
Market Cap: 8.3 B
10.69% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit Bitcoin USD is expected to under-perform the LakeBTC Bitcoin. But the crypto apears to be less risky and, when comparing its historical volatility, Yobit Bitcoin USD is 1.05 times less risky than LakeBTC Bitcoin. The crypto trades about -0.03 of its potential returns per unit of risk. The LakeBTC Bitcoin USD is currently generating about 0.02 of returns per unit of risk over similar time horizon. If you would invest  734,488  in LakeBTC Bitcoin USD on June 17, 2018 and sell it today you would earn a total of  5,039  from holding LakeBTC Bitcoin USD or generate 0.69% return on investment over 30 days.

Pair Corralation between Yobit Bitcoin and LakeBTC Bitcoin

Time Period1 Month [change]
ValuesDaily Returns


Significant diversification

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

Comparative Volatility

 Predicted Return Density 
Yobit Bitcoin USD  

Risk-Adjusted Performance

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

Risk-Adjusted Performance

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

My Equities

My Current Equities and Potential Positions
View AllNext
GOOG - USA Stock
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway

Thematic Opportunities

Explore Investment Opportunities
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.