Correlation Analysis Between Yobit Global and LiveCoin YoCoin

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

Yobit Global Currency Reserve   vs.  LiveCoin YoCoin USD

Yobit

Global Currency Reserve on Yobit in USD

 0.32 
0.022  7.42%
Market Cap: 69.0
  

LiveCoin

YoCoin on LiveCoin in USD

 0.01958 
0.00016  0.82%
Market Cap: 519
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Yobit Global Currency Reserve USD is expected to generate 1.0 times more return on investment than LiveCoin YoCoin. However, Yobit Global Currency Reserve USD is 1.0 times less risky than LiveCoin YoCoin. It trades about 0.25 of its potential returns per unit of risk. LiveCoin YoCoin USD is currently generating about 0.1 per unit of risk. If you would invest  15.44  in Yobit Global Currency Reserve USD on August 24, 2018 and sell it today you would earn a total of  16.41  from holding Yobit Global Currency Reserve USD or generate 106.28% return on investment over 30 days.

Pair Corralation between Yobit Global and LiveCoin YoCoin

0.05
Time Period1 Month [change]
DirectionPositive 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Significant diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
Yobit Global Currency  
16 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Global Currency Reserve USD are ranked lower than 16 (%) of all global equities and portfolios over the last 30 days.
LiveCoin YoCoin USD  
6 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin YoCoin USD are ranked lower than 6 (%) of all global equities and portfolios over the last 30 days.

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GOOG - USA Stock
Alphabet
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ExchangeNASDAQ
$1171.09

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