Correlation Analysis Between Yobit eMark and Quoine NEO

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

Yobit eMark USD  vs.  Quoine NEO USD


eMark on Yobit in USD
0.00299  17.93%
Market Cap: 28.0


NEO on Quoine in USD
1.23  3.65%
Market Cap: 54.2 K
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit eMark USD is expected to generate 5.95 times more return on investment than Quoine NEO. However, Yobit eMark is 5.95 times more volatile than Quoine NEO USD. It trades about 0.09 of its potential returns per unit of risk. Quoine NEO USD is currently generating about -0.04 per unit of risk. If you would invest  2.00  in Yobit eMark USD on June 16, 2018 and sell it today you would lose (0.63)  from holding Yobit eMark USD or give up 31.55% of portfolio value over 30 days.

Pair Corralation between Yobit eMark and Quoine NEO

Time Period1 Month [change]
StrengthVery Weak
ValuesDaily Returns


Very good diversification

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

Comparative Volatility

 Predicted Return Density 
Yobit eMark USD  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit eMark USD are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days.
Quoine NEO USD  

Risk-Adjusted Performance

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

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