Correlation Analysis Between Yobit ClubCoin and Yobit CoolDarkCoin

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

Yobit ClubCoin USD  vs.  Yobit CoolDarkCoin USD

Yobit

ClubCoin on Yobit in USD

 0.00 
0.00  0.00%
Market Cap: 0
  

Yobit

CoolDarkCoin on Yobit in USD

 0.006 
0.0175  74.47%
Market Cap: 0
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.60  in Yobit CoolDarkCoin USD on September 22, 2018 and sell it today you would earn a total of  1.75  from holding Yobit CoolDarkCoin USD or generate 291.67% return on investment over 30 days.

Pair Corralation between Yobit ClubCoin and Yobit CoolDarkCoin

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy9.09%
ValuesDaily Returns

Diversification

Pay attention

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

Comparative Volatility

Yobit CoolDarkCoin USD  
0 

Risk-Adjusted Performance

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

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ExchangeNASDAQ
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