Pair Correlation Between Yobit DebitCoin and LiveCoin Adzcoin

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


DebitCoin on Yobit in USD
0.003226  48.37%
Market Cap: 0


Adzcoin on LiveCoin in USD
0.01405  41.83%
Market Cap: 8.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit DebitCoin USD is expected to generate 2.33 times more return on investment than LiveCoin Adzcoin. However, Yobit DebitCoin is 2.33 times more volatile than LiveCoin Adzcoin USD. It trades about 0.09 of its potential returns per unit of risk. LiveCoin Adzcoin USD is currently generating about -0.13 per unit of risk. If you would invest  1.00  in Yobit DebitCoin USD on February 22, 2018 and sell it today you would lose (0.33)  from holding Yobit DebitCoin USD or give up 33.3% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between Yobit DebitCoin and LiveCoin Adzcoin


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 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 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 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 DebitCoin i.e. Yobit DebitCoin and LiveCoin Adzcoin go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

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.