Pair Correlation Between Yobit Bitshares and Yobit Rise

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

Yobit

Bitshares on Yobit in USD
 0.82 
0.067  8.9%
Market Cap: 5.0

Yobit

Rise on Yobit in USD
 0.00 
0.00  0.00%
Market Cap: 9.0
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  31.28  in Yobit Bitshares USD on November 15, 2017 and sell it today you would earn a total of  50.72  from holding Yobit Bitshares USD or generate 162.15% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Yobit Bitshares and Yobit Rise
0.0

Parameters

Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy3.23%
ValuesDaily Returns

Diversification

Pay attention

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

Comparative Volatility

Yobit Bitshares USD

  
13 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Bitshares USD are ranked lower than 13 (%) of all global equities and portfolios over the last 30 days.