Pair Correlation Between Yobit Bitshares and LiveCoin CapriCoin

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


Bitshares on Yobit in USD
0.28  56.00%
Market Cap: 21.0


CapriCoin on LiveCoin in USD
0.005  1.67%
Market Cap: 227
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit Bitshares USD is expected to generate 2.2 times more return on investment than LiveCoin CapriCoin. However, Yobit Bitshares is 2.2 times more volatile than LiveCoin CapriCoin USD. It trades about 0.15 of its potential returns per unit of risk. LiveCoin CapriCoin USD is currently generating about -0.01 per unit of risk. If you would invest  95.00  in Yobit Bitshares USD on February 16, 2018 and sell it today you would lose (17.00)  from holding Yobit Bitshares USD or give up 17.89% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between Yobit Bitshares and LiveCoin CapriCoin


Time Period1 Month [change]
StrengthVery Weak
ValuesDaily Returns


Weak diversification

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

Comparative Volatility

 Predicted Return Density 

Yobit Bitshares USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Bitshares USD are ranked lower than 9 (%) of all global equities and portfolios over the last 30 days.

LiveCoin CapriCoin USD


Risk-Adjusted Performance

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