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

Yobit ClubCoin USD  vs.  Yobit CoolDarkCoin USD


ClubCoin on Yobit in USD

0.00  0.00%
Market Cap: 0


CoolDarkCoin on Yobit in USD

0.0175  74.47%
Market Cap: 0
 Performance (%) 

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

Time Period1 Month [change]
ValuesDaily Returns


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  

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.

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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.