Pair Correlation Between Yobit Bitcloud and CCEX TrumpCoin

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

Yobit

Bitcloud on Yobit in USD
 0.12 
(0.0019)  1.5%
Market Cap: 0

CCEX

TrumpCoin on CCEX in USD
 0.00 
0.00  0.00%
Market Cap: 0
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  2.39  in Yobit Bitcloud USD on November 15, 2017 and sell it today you would earn a total of  10.11  from holding Yobit Bitcloud USD or generate 422.36% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Yobit Bitcloud and CCEX TrumpCoin
0.0

Parameters

Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.35%
ValuesDaily Returns

Diversification

Pay attention

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

Comparative Volatility