Correlation Analysis Between Yobit Global and LiveCoin NEM

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

Yobit Global Currency Reserve   vs.  LiveCoin NEM USD

Yobit

Global Currency Reserve on Yobit in USD

 0.40 
0.0192  5.04%
Market Cap: 69.0
  

LiveCoin

NEM on LiveCoin in USD

 0.00 
0.00  0.00%
Market Cap: 692
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  12.52  in Yobit Global Currency Reserve USD on August 21, 2018 and sell it today you would earn a total of  27.48  from holding Yobit Global Currency Reserve USD or generate 219.49% return on investment over 30 days.

Pair Corralation between Yobit Global and LiveCoin NEM

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.35%
ValuesDaily Returns

Diversification

Pay attention

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

Comparative Volatility

Yobit Global Currency  
24 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Global Currency Reserve USD are ranked lower than 24 (%) of all global equities and portfolios over the last 30 days.
LiveCoin NEM USD  
0 

Risk-Adjusted Performance

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

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