Pair Correlation Between Yobit Creva and CCEX YoCoin

This module allows you to analyze existing cross correlation between Yobit Creva Coin USD and CCEX YoCoin USD. You can compare the effects of market volatilities on Yobit Creva and CCEX YoCoin 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 Creva with a short position of CCEX YoCoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit Creva and CCEX YoCoin.
Investment Horizon     30 Days    Login   to change
 Yobit Creva Coin USD  vs   CCEX YoCoin USD


Creva Coin on Yobit in USD
(0.0000004)  0.0719%
Market Cap: 3.0


YoCoin on CCEX in USD
(0.02661)  72.53%
Market Cap: 67.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit Creva Coin USD is expected to generate 1.16 times more return on investment than CCEX YoCoin. However, Yobit Creva is 1.16 times more volatile than CCEX YoCoin USD. It trades about 0.13 of its potential returns per unit of risk. CCEX YoCoin USD is currently generating about 0.01 per unit of risk. If you would invest  0.09  in Yobit Creva Coin USD on November 17, 2017 and sell it today you would lose (0.03)  from holding Yobit Creva Coin USD or give up 38.34% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between Yobit Creva and CCEX YoCoin


Time Period1 Month [change]
ValuesDaily Returns


Good diversification

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

Comparative Volatility

 Predicted Return Density 

Yobit Creva Coin


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Creva Coin USD are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days.



Risk-Adjusted Performance

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