Correlation Analysis Between Yobit Golem and Yobit ClubCoin

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

Yobit Golem Network Token USD  vs.  Yobit ClubCoin USD

Yobit

Golem Network Token on Yobit in USD

 0.16 
0.01  6.54%
Market Cap: 11.0
  

Yobit

ClubCoin on Yobit in USD

 1.03 
0.13  11.21%
Market Cap: 0
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Yobit Golem is expected to generate 12.32 times less return on investment than Yobit ClubCoin. But when comparing it to its historical volatility, Yobit Golem Network Token USD is 3.78 times less risky than Yobit ClubCoin. It trades about 0.07 of its potential returns per unit of risk. Yobit ClubCoin USD is currently generating about 0.22 of returns per unit of risk over similar time horizon. If you would invest  40.32  in Yobit ClubCoin USD on September 20, 2018 and sell it today you would earn a total of  48.76  from holding Yobit ClubCoin USD or generate 120.93% return on investment over 30 days.

Pair Corralation between Yobit Golem and Yobit ClubCoin

0.36
Time Period1 Month [change]
DirectionPositive 
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns

Diversification

Weak diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
Yobit Golem Network  
4 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Golem Network Token USD are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days.
Yobit ClubCoin USD  
14 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit ClubCoin USD are ranked lower than 14 (%) of all global equities and portfolios over the last 30 days.

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