Pair Correlation Between Yobit ChronosCoin and LiveCoin Adzcoin

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


ChronosCoin on Yobit in USD
0.0002  13.24%
Market Cap: 5.0


Adzcoin on LiveCoin in USD
0.00009  0.25%
Market Cap: 3.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit ChronosCoin USD is expected to generate 3.93 times more return on investment than LiveCoin Adzcoin. However, Yobit ChronosCoin is 3.93 times more volatile than LiveCoin Adzcoin USD. It trades about 0.11 of its potential returns per unit of risk. LiveCoin Adzcoin USD is currently generating about -0.18 per unit of risk. If you would invest  0.28  in Yobit ChronosCoin USD on February 16, 2018 and sell it today you would lose (0.15)  from holding Yobit ChronosCoin USD or give up 53.05% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between Yobit ChronosCoin and LiveCoin Adzcoin


Time Period1 Month [change]
ValuesDaily Returns


Very weak diversification

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

Comparative Volatility

 Predicted Return Density 

Yobit ChronosCoin USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit ChronosCoin USD are ranked lower than 6 (%) of all global equities and portfolios over the last 30 days.

LiveCoin Adzcoin USD


Risk-Adjusted Performance

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