Pair Correlation Between Yobit EGOcoin and HitBTC ZCash

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


EGOcoin on Yobit in USD
(0.00007)  3.38%
Market Cap: 0


ZCash on HitBTC in USD
25.71  5.38%
Market Cap: 1.4 B
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit EGOcoin USD is expected to generate 21.06 times more return on investment than HitBTC ZCash. However, Yobit EGOcoin is 21.06 times more volatile than HitBTC ZCash USD. It trades about 0.21 of its potential returns per unit of risk. HitBTC ZCash USD is currently generating about -0.06 per unit of risk. If you would invest  0.38  in Yobit EGOcoin USD on December 20, 2017 and sell it today you would lose (0.18)  from holding Yobit EGOcoin USD or give up 46.95% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between Yobit EGOcoin and HitBTC ZCash


Time Period1 Month [change]
ValuesDaily Returns


Average diversification

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

Comparative Volatility

 Predicted Return Density 

Yobit EGOcoin USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit EGOcoin USD are ranked lower than 13 (%) of all global equities and portfolios over the last 30 days.

Yobit EGOcoin USD

Pair trading matchups for Yobit EGOcoin



Risk-Adjusted Performance

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


Pair trading matchups for HitBTC ZCash