Correlation Analysis Between Yobit ClubCoin and LiveCoin E-Dinar

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

Yobit ClubCoin USD  vs.  LiveCoin E-Dinar Coin USD

Yobit

ClubCoin on Yobit in USD
 0.76 
0.26  51.06%
Market Cap: 64.0
  

LiveCoin

E-Dinar Coin on LiveCoin in USD
 0.00963 
0.00023  2.45%
Market Cap: 968
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Yobit ClubCoin USD is expected to generate 4.02 times more return on investment than LiveCoin E-Dinar. However, Yobit ClubCoin is 4.02 times more volatile than LiveCoin E-Dinar Coin USD. It trades about 0.21 of its potential returns per unit of risk. LiveCoin E-Dinar Coin USD is currently generating about -0.03 per unit of risk. If you would invest  44.78  in Yobit ClubCoin USD on June 16, 2018 and sell it today you would earn a total of  30.75  from holding Yobit ClubCoin USD or generate 68.67% return on investment over 30 days.

Pair Corralation between Yobit ClubCoin and LiveCoin E-Dinar

-0.1
Time Period1 Month [change]
DirectionNegative 
StrengthInsignificant
Accuracy95.45%
ValuesDaily Returns

Diversification

Good diversification

Overlapping area represents the amount of risk that can be diversified away by holding Yobit ClubCoin 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 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 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 ClubCoin i.e. Yobit ClubCoin and LiveCoin E-Dinar go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
      Returns 
Yobit ClubCoin USD  
13 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit ClubCoin USD are ranked lower than 13 (%) of all global equities and portfolios over the last 30 days.
LiveCoin E-Dinar Coin  
0 

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.

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