Correlation Analysis Between Yobit ClubCoin and LiveCoin BlueCoin

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

Yobit ClubCoin USD  vs.  LiveCoin BlueCoin USD

Yobit

ClubCoin on Yobit in USD

 0.95 
0.21  18.31%
Market Cap: 82.0
  

LiveCoin

BlueCoin on LiveCoin in USD

 0.00208 
0.00  0.00%
Market Cap: 2.0
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Yobit ClubCoin is expected to generate 3.12 times less return on investment than LiveCoin BlueCoin. But when comparing it to its historical volatility, Yobit ClubCoin USD is 1.41 times less risky than LiveCoin BlueCoin. It trades about 0.26 of its potential returns per unit of risk. LiveCoin BlueCoin USD is currently generating about 0.58 of returns per unit of risk over similar time horizon. If you would invest  0.13  in LiveCoin BlueCoin USD on September 19, 2018 and sell it today you would earn a total of  0.08  from holding LiveCoin BlueCoin USD or generate 62.5% return on investment over 30 days.

Pair Corralation between Yobit ClubCoin and LiveCoin BlueCoin

0.19
Time Period1 Month [change]
DirectionPositive 
StrengthInsignificant
Accuracy13.04%
ValuesDaily Returns

Diversification

Average diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
Yobit ClubCoin USD  
17 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit ClubCoin USD are ranked lower than 17 (%) of all global equities and portfolios over the last 30 days.
LiveCoin BlueCoin USD  
0 

Risk-Adjusted Performance

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

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