Pair Correlation Between Yobit Bitcloud and Yobit ReddCoin

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


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


ReddCoin on Yobit in USD
0.000363  6.44%
Market Cap: 4 K
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit Bitcloud USD is expected to generate 5.47 times more return on investment than Yobit ReddCoin. However, Yobit Bitcloud is 5.47 times more volatile than Yobit ReddCoin USD. It trades about 0.13 of its potential returns per unit of risk. Yobit ReddCoin USD is currently generating about -0.18 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 Yobit ReddCoin


Time Period1 Month [change]
ValuesDaily Returns


Very poor diversification

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

Yobit ReddCoin USD


Risk-Adjusted Performance

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