Correlation Analysis Between Yobit Global and LiveCoin BlueCoin

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

Yobit Global Currency Reserve   vs.  LiveCoin BlueCoin USD


Global Currency Reserve on Yobit in USD

0.0211  5.20%
Market Cap: 69.0


BlueCoin on LiveCoin in USD

0.00273  68.08%
Market Cap: 2.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit Global Currency Reserve USD is expected to generate 0.96 times more return on investment than LiveCoin BlueCoin. However, Yobit Global Currency Reserve USD is 1.04 times less risky than LiveCoin BlueCoin. It trades about 0.33 of its potential returns per unit of risk. LiveCoin BlueCoin USD is currently generating about 0.0 per unit of risk. If you would invest  15.94  in Yobit Global Currency Reserve USD on August 22, 2018 and sell it today you would earn a total of  26.78  from holding Yobit Global Currency Reserve USD or generate 168.01% return on investment over 30 days.

Pair Corralation between Yobit Global and LiveCoin BlueCoin

Time Period1 Month [change]
ValuesDaily Returns


Excellent diversification

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

Comparative Volatility

 Predicted Return Density 
Yobit Global Currency  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Global Currency Reserve USD are ranked lower than 21 (%) of all global equities and portfolios over the last 30 days.
LiveCoin BlueCoin USD  

Risk-Adjusted Performance

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

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