Correlation Analysis Between Yobit Bitcloud and Coinroom ZCoin

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

Yobit Bitcloud USD  vs.  Coinroom ZCoin USD


Bitcloud on Yobit in USD
0.005  20.00%
Market Cap: 19.0


ZCoin on Coinroom in USD
0.38  2.17%
Market Cap: 58.6 K
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit Bitcloud USD is expected to generate 0.7 times more return on investment than Coinroom ZCoin. However, Yobit Bitcloud USD is 1.43 times less risky than Coinroom ZCoin. It trades about 0.03 of its potential returns per unit of risk. Coinroom ZCoin USD is currently generating about -0.17 per unit of risk. If you would invest  2.00  in Yobit Bitcloud USD on May 24, 2018 and sell it today you would lose  0.00  from holding Yobit Bitcloud USD or give up 0.05% of portfolio value over 30 days.

Pair Corralation between Yobit Bitcloud and Coinroom ZCoin

Time Period1 Month [change]
ValuesDaily Returns


Very weak diversification

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

Comparative Volatility

 Predicted Return Density 
Yobit Bitcloud USD  

Risk-Adjusted Performance

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

Risk-Adjusted Performance

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

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