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

Yobit ClubCoin USD  vs.  LiveCoin BlueCoin USD


ClubCoin on Yobit in USD

0.21  18.31%
Market Cap: 82.0


BlueCoin on LiveCoin in USD

0.00  0.00%
Market Cap: 2.0
 Performance (%) 

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

Time Period1 Month [change]
ValuesDaily Returns


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 
Yobit ClubCoin USD  

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  

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.

My Equities

My Current Equities and Potential Positions

View AllNext
GOOG - USA Stock
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Crypto Portfolio Optimizer module to optimize portfolio of digital coins and token across multiple currency and exchanges.