Correlation Analysis Between Yobit ClubCoin and Yobit SibCoin

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

Yobit ClubCoin USD  vs.  Yobit SibCoin USD

Yobit

ClubCoin on Yobit in USD

 1.03 
0.13  11.21%
Market Cap: 0
  

Yobit

SibCoin on Yobit in USD

 0.19 
0.0187  10.69%
Market Cap: 12.0
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Yobit ClubCoin USD is expected to generate 2.59 times more return on investment than Yobit SibCoin. However, Yobit ClubCoin is 2.59 times more volatile than Yobit SibCoin USD. It trades about 0.24 of its potential returns per unit of risk. Yobit SibCoin USD is currently generating about -0.07 per unit of risk. If you would invest  40.32  in Yobit ClubCoin USD on September 20, 2018 and sell it today you would earn a total of  62.68  from holding Yobit ClubCoin USD or generate 155.46% return on investment over 30 days.

Pair Corralation between Yobit ClubCoin and Yobit SibCoin

-0.73
Time Period1 Month [change]
DirectionNegative 
StrengthWeak
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 Yobit SibCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit SibCoin 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 SibCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit SibCoin USD has no effect on the direction of Yobit ClubCoin i.e. Yobit ClubCoin and Yobit SibCoin go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
      Returns 
Yobit ClubCoin USD  
15 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit ClubCoin USD are ranked lower than 15 (%) of all global equities and portfolios over the last 30 days.
Yobit SibCoin USD  
0 

Risk-Adjusted Performance

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

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ExchangeNASDAQ
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