Correlation Analysis Between Yobit ClubCoin and LiveCoin CapriCoin

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

Yobit ClubCoin USD  vs.  LiveCoin CapriCoin USD

Yobit

ClubCoin on Yobit in USD

 1.67 
0.25  17.61%
Market Cap: 82.0
  

LiveCoin

CapriCoin on LiveCoin in USD

 0.78 
0.07  8.62%
Market Cap: 6.0
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Yobit ClubCoin USD is expected to generate 5.23 times more return on investment than LiveCoin CapriCoin. However, Yobit ClubCoin is 5.23 times more volatile than LiveCoin CapriCoin USD. It trades about 0.36 of its potential returns per unit of risk. LiveCoin CapriCoin USD is currently generating about -0.23 per unit of risk. If you would invest  33.20  in Yobit ClubCoin USD on September 15, 2018 and sell it today you would earn a total of  108.80  from holding Yobit ClubCoin USD or generate 327.71% return on investment over 30 days.

Pair Corralation between Yobit ClubCoin and LiveCoin CapriCoin

-0.8
Time Period1 Month [change]
DirectionNegative 
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Pay attention

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

Comparative Volatility

 Predicted Return Density 
      Returns 
Yobit ClubCoin USD  
23 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit ClubCoin USD are ranked lower than 23 (%) of all global equities and portfolios over the last 30 days.
LiveCoin CapriCoin USD  
0 

Risk-Adjusted Performance

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

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