Pair Correlation Between Yobit Dogecoin and Gatecoin Litecoin

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


Dogecoin on Yobit in USD
0.00067  8.91%
Market Cap: 303.1 K


Litecoin on Gatecoin in USD
(60)  24%
Market Cap: 1.5 M
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit Dogecoin USD is expected to generate 1.03 times more return on investment than Gatecoin Litecoin. However, Yobit Dogecoin is 1.03 times more volatile than Gatecoin Litecoin USD. It trades about 0.12 of its potential returns per unit of risk. Gatecoin Litecoin USD is currently generating about -0.02 per unit of risk. If you would invest  0.65  in Yobit Dogecoin USD on December 18, 2017 and sell it today you would earn a total of  0.17  from holding Yobit Dogecoin USD or generate 26.0% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Yobit Dogecoin and Gatecoin Litecoin


Time Period1 Month [change]
ValuesDaily Returns


Significant diversification

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

Comparative Volatility

 Predicted Return Density 

Yobit Dogecoin USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Dogecoin USD are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days.

Yobit Dogecoin USD

Pair trading matchups for Yobit Dogecoin

Gatecoin Litecoin USD


Risk-Adjusted Performance

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

Gatecoin Litecoin USD

Pair trading matchups for Gatecoin Litecoin