Pair Correlation Between Yobit DarkGold and LiveCoin Karbo

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


DarkGold on Yobit in USD
0.012  3.24%
Market Cap: 10.0


Karbo on LiveCoin in USD
0.05  4.17%
Market Cap: 548
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit DarkGold USD is expected to generate 8.35 times more return on investment than LiveCoin Karbo. However, Yobit DarkGold is 8.35 times more volatile than LiveCoin Karbo USD. It trades about 0.18 of its potential returns per unit of risk. LiveCoin Karbo USD is currently generating about 0.01 per unit of risk. If you would invest  99.00  in Yobit DarkGold USD on January 21, 2018 and sell it today you would lose (60.80)  from holding Yobit DarkGold USD or give up 61.41% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between Yobit DarkGold and LiveCoin Karbo


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 DarkGold USD and LiveCoin Karbo USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin Karbo 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 LiveCoin Karbo. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin Karbo USD has no effect on the direction of Yobit DarkGold i.e. Yobit DarkGold and LiveCoin Karbo go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

Yobit DarkGold USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit DarkGold USD are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days.

LiveCoin Karbo USD


Risk-Adjusted Performance

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