Pair Correlation Between Yobit Creva and LiveCoin BlueCoin

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

Yobit

Creva Coin on Yobit in USD
 0.0008889 
(0.0000001)  0.0112%
Market Cap: 3.0

LiveCoin

BlueCoin on LiveCoin in USD
 0.01402 
0.00001  0.0714%
Market Cap: 67.0
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Yobit Creva is expected to generate 1.2 times less return on investment than LiveCoin BlueCoin. In addition to that, Yobit Creva is 1.38 times more volatile than LiveCoin BlueCoin USD. It trades about 0.14 of its total potential returns per unit of risk. LiveCoin BlueCoin USD is currently generating about 0.23 per unit of volatility. If you would invest  0.56  in LiveCoin BlueCoin USD on November 12, 2017 and sell it today you would earn a total of  0.84  from holding LiveCoin BlueCoin USD or generate 150.36% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Yobit Creva and LiveCoin BlueCoin
-0.39

Parameters

Time Period1 Month [change]
DirectionNegative 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Very good diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 

Yobit Creva Coin

  
9 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Creva Coin USD are ranked lower than 9 (%) of all global equities and portfolios over the last 30 days.

LiveCoin BlueCoin USD

  
15 

Risk-Adjusted Performance

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