Pair Correlation Between Yobit DebitCoin and CCEX GridCoin

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


DebitCoin on Yobit in USD
0.000556  13.90%
Market Cap: 0


GridCoin on CCEX in USD
0.00  0.00%
Market Cap: 116
 Performance (%) 

Pair Volatility

If you would invest  0.70  in Yobit DebitCoin USD on February 15, 2018 and sell it today you would lose (0.36)  from holding Yobit DebitCoin USD or give up 50.8% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between Yobit DebitCoin and CCEX GridCoin


Time Period1 Month [change]
ValuesDaily Returns


Poor diversification

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

Comparative Volatility

 Predicted Return Density 

Yobit DebitCoin USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit DebitCoin USD are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days.