Correlation Analysis Between Yobit Global and CCEX Dogecoin

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

Yobit Global Currency Reserve   vs.  CCEX Dogecoin USD

Yobit

Global Currency Reserve on Yobit in USD

 0.00 
0.00  0.00%
Market Cap: 3.3 K
  

CCEX

Dogecoin on CCEX in USD

 0.00553 
0.00097  14.92%
Market Cap: 724
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.22  in CCEX Dogecoin USD on August 21, 2018 and sell it today you would earn a total of  0.33  from holding CCEX Dogecoin USD or generate 151.36% return on investment over 30 days.

Pair Corralation between Yobit Global and CCEX Dogecoin

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.55%
ValuesDaily Returns

Diversification

Pay attention

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

Comparative Volatility

Yobit Global Currency  
0 

Risk-Adjusted Performance

Over the last 30 days Yobit Global Currency Reserve USD has generated negative risk-adjusted returns adding no value to investors with long positions.
CCEX Dogecoin USD  
22 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in CCEX Dogecoin USD are ranked lower than 22 (%) of all global equities and portfolios over the last 30 days.

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