Pair Correlation Between Yobit Bitcloud and LiveCoin YoCoin

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


Bitcloud on Yobit in USD
0.01057  42.28%
Market Cap: 3.0


YoCoin on LiveCoin in USD
0.00027  1.03%
Market Cap: 334
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit Bitcloud USD is expected to generate 5.9 times more return on investment than LiveCoin YoCoin. However, Yobit Bitcloud is 5.9 times more volatile than LiveCoin YoCoin USD. It trades about 0.13 of its potential returns per unit of risk. LiveCoin YoCoin USD is currently generating about -0.06 per unit of risk. If you would invest  3.30  in Yobit Bitcloud USD on February 21, 2018 and sell it today you would earn a total of  0.26  from holding Yobit Bitcloud USD or generate 7.79% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Yobit Bitcloud and LiveCoin YoCoin


Time Period1 Month [change]
ValuesDaily Returns


Average diversification

Overlapping area represents the amount of risk that can be diversified away by holding Yobit Bitcloud USD and LiveCoin YoCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin YoCoin 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 LiveCoin YoCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin YoCoin USD has no effect on the direction of Yobit Bitcloud i.e. Yobit Bitcloud and LiveCoin YoCoin 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 8 (%) of all global equities and portfolios over the last 30 days.

LiveCoin YoCoin USD


Risk-Adjusted Performance

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