Correlation Analysis Between Yobit DarkGold and Kraken ZCash

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

Yobit DarkGold USD  vs.  Kraken ZCash USD

Yobit

DarkGold on Yobit in USD

 0.08 
0.00  0.00%
Market Cap: 45.0
  

Kraken

ZCash on Kraken in USD

 107.05 
0.50  0.46%
Market Cap: 17.8 M
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  8.13  in Yobit DarkGold USD on October 17, 2018 and sell it today you would earn a total of  0.00  from holding Yobit DarkGold USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Yobit DarkGold and Kraken ZCash

-0.35
Time Period1 Month [change]
DirectionNegative 
StrengthInsignificant
Accuracy4.55%
ValuesDaily Returns

Diversification

Yobit DarkGold USD diversification synergy

Very good diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
Yobit DarkGold USD  
0 

Risk-Adjusted Performance

Over the last 30 days Yobit DarkGold USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Kraken ZCash USD  
0 

Risk-Adjusted Performance

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

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