Pair Correlation Between Yobit CannabisCoin and LiveCoin E-Dinar

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


CannabisCoin on Yobit in USD
0.0168  30.66%
Market Cap: 17.0


E-Dinar Coin on LiveCoin in USD
0.00053  2.59%
Market Cap: 1.8 K
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit CannabisCoin USD is expected to generate 7.35 times more return on investment than LiveCoin E-Dinar. However, Yobit CannabisCoin is 7.35 times more volatile than LiveCoin E-Dinar Coin USD. It trades about 0.13 of its potential returns per unit of risk. LiveCoin E-Dinar Coin USD is currently generating about -0.02 per unit of risk. If you would invest  8.50  in Yobit CannabisCoin USD on February 19, 2018 and sell it today you would lose (3.02)  from holding Yobit CannabisCoin USD or give up 35.53% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between Yobit CannabisCoin and LiveCoin E-Dinar


Time Period1 Month [change]
ValuesDaily Returns


Very weak diversification

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

LiveCoin E-Dinar Coin


Risk-Adjusted Performance

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