Correlation Analysis Between Yobit Bitcloud and Yobit SysCoin

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

Yobit Bitcloud USD  vs.  Yobit SysCoin USD


Bitcloud on Yobit in USD
0.00499  24.94%
Market Cap: 1.0


SysCoin on Yobit in USD
0.01  2.04%
Market Cap: 0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit Bitcloud USD is expected to under-perform the Yobit SysCoin. In addition to that, Yobit Bitcloud is 1.04 times more volatile than Yobit SysCoin USD. It trades about 0.0 of its total potential returns per unit of risk. Yobit SysCoin USD is currently generating about 0.07 per unit of volatility. If you would invest  44.55  in Yobit SysCoin USD on April 20, 2018 and sell it today you would earn a total of  3.45  from holding Yobit SysCoin USD or generate 7.74% return on investment over 30 days.

Pair Corralation between Yobit Bitcloud and Yobit SysCoin

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 Yobit SysCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit SysCoin 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 SysCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit SysCoin USD has no effect on the direction of Yobit Bitcloud i.e. Yobit Bitcloud and Yobit SysCoin 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.
Yobit SysCoin USD  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit SysCoin USD are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days.

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