Pair Correlation Between Yobit GeoCoin and Yobit MaxCoin

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

Yobit GeoCoin USD  vs.  Yobit MaxCoin USD


GeoCoin on Yobit in USD
0.0657  48.42%
Market Cap: 54.0


MaxCoin on Yobit in USD
0.03108  29.54%
Market Cap: 1.2 K
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit GeoCoin is expected to generate 19.23 times less return on investment than Yobit MaxCoin. But when comparing it to its historical volatility, Yobit GeoCoin USD is 1.78 times less risky than Yobit MaxCoin. It trades about 0.01 of its potential returns per unit of risk. Yobit MaxCoin USD is currently generating about 0.16 of returns per unit of risk over similar time horizon. If you would invest  4.90  in Yobit MaxCoin USD on March 21, 2018 and sell it today you would earn a total of  2.51  from holding Yobit MaxCoin USD or generate 51.27% return on investment over 30 days.

Pair Corralation between Yobit GeoCoin and Yobit MaxCoin

Time Period2 Months [change]
ValuesDaily Returns


Very good diversification

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

Comparative Volatility

 Predicted Return Density 
Yobit GeoCoin USD  

Risk-Adjusted Performance

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

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit MaxCoin USD are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days.

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