Pair Correlation Between Yobit ClubCoin and LiveCoin PutinCoin

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


ClubCoin on Yobit in USD
0.10  8.33%
Market Cap: 364


PutinCoin on LiveCoin in USD
0.00018  1.39%
Market Cap: 140
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit ClubCoin USD is expected to generate 4.22 times more return on investment than LiveCoin PutinCoin. However, Yobit ClubCoin is 4.22 times more volatile than LiveCoin PutinCoin USD. It trades about 0.08 of its potential returns per unit of risk. LiveCoin PutinCoin USD is currently generating about -0.16 per unit of risk. If you would invest  200.00  in Yobit ClubCoin USD on January 24, 2018 and sell it today you would lose (90.00)  from holding Yobit ClubCoin USD or give up 45.0% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between Yobit ClubCoin and LiveCoin PutinCoin


Time Period1 Month [change]
StrengthVery Weak
ValuesDaily Returns


Weak diversification

Overlapping area represents the amount of risk that can be diversified away by holding Yobit ClubCoin USD and LiveCoin PutinCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin PutinCoin 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 PutinCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin PutinCoin USD has no effect on the direction of Yobit ClubCoin i.e. Yobit ClubCoin and LiveCoin PutinCoin 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 5 (%) of all global equities and portfolios over the last 30 days.

Yobit ClubCoin USD

Pair trading matchups for Yobit ClubCoin

LiveCoin PutinCoin USD


Risk-Adjusted Performance

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

LiveCoin PutinCoin USD

Pair trading matchups for LiveCoin PutinCoin