Pair Correlation 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.
 Time Horizon     30 Days    Login   to change
 Yobit Global Currency Reserve   vs   LiveCoin NEM USD


Global Currency Reserve on Yobit in USD
0.02788  41.07%
Market Cap: 10.0


NEM on LiveCoin in USD
0.0472  14.17%
Market Cap: 39.6 K
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit Global Currency Reserve USD is expected to generate 5.55 times more return on investment than LiveCoin NEM. However, Yobit Global is 5.55 times more volatile than LiveCoin NEM USD. It trades about 0.08 of its potential returns per unit of risk. LiveCoin NEM USD is currently generating about -0.21 per unit of risk. If you would invest  14.00  in Yobit Global Currency Reserve USD on February 15, 2018 and sell it today you would lose (10.00)  from holding Yobit Global Currency Reserve USD or give up 71.43% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between Yobit Global and LiveCoin NEM


Time Period1 Month [change]
ValuesDaily Returns


Very good diversification

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

 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 5 (%) of all global equities and portfolios over the last 30 days.

LiveCoin NEM USD


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.