Pair Correlation Between Yobit CannabisCoin and CCEX AdvancedInternet

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


CannabisCoin on Yobit in USD
0.00603  12.69%
Market Cap: 17.0


AdvancedInternetBlock on CCEX in USD
0.00  0.00%
Market Cap: 0
 Performance (%) 

Pair Volatility

If you would invest  6.20  in Yobit CannabisCoin USD on February 21, 2018 and sell it today you would lose (2.05)  from holding Yobit CannabisCoin USD or give up 33.06% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between Yobit CannabisCoin and CCEX AdvancedInternet


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 CannabisCoin USD and CCEX AdvancedInternetBlock USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on CCEX AdvancedInternet and Yobit CannabisCoin 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 CannabisCoin USD are associated (or correlated) with CCEX AdvancedInternet. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CCEX AdvancedInternet has no effect on the direction of Yobit CannabisCoin i.e. Yobit CannabisCoin and CCEX AdvancedInternet go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

Yobit CannabisCoin USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit CannabisCoin USD are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days.