Correlation Analysis Between Yobit Bitcloud and HitBTC Bancor

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

Yobit Bitcloud USD  vs.  HitBTC Bancor Network Token US


Bitcloud on Yobit in USD
0.00499  24.94%
Market Cap: 0


Bancor Network Token on HitBTC in USD
0.03  0.63%
Market Cap: 1.4 M
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit Bitcloud USD is expected to under-perform the HitBTC Bancor. In addition to that, Yobit Bitcloud is 2.4 times more volatile than HitBTC Bancor Network Token USD. It trades about 0.0 of its total potential returns per unit of risk. HitBTC Bancor Network Token USD is currently generating about 0.16 per unit of volatility. If you would invest  387.00  in HitBTC Bancor Network Token USD on April 20, 2018 and sell it today you would earn a total of  93.00  from holding HitBTC Bancor Network Token USD or generate 24.03% return on investment over 30 days.

Pair Corralation between Yobit Bitcloud and HitBTC Bancor

Time Period1 Month [change]
ValuesDaily Returns


Good diversification

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

Comparative Volatility

 Predicted Return Density 
Yobit Bitcloud USD  

Risk-Adjusted Performance

Over the last 30 days Yobit Bitcloud USD has generated negative risk-adjusted returns adding no value to investors with long positions.
HitBTC Bancor Network  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in HitBTC Bancor Network Token USD are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days.

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