Pair Correlation Between Yobit Golem and Yobit GeoCoin

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


Golem Network Token on Yobit in USD
0.0107  4.14%
Market Cap: 45.0


GeoCoin on Yobit in USD
0.02  10.53%
Market Cap: 65.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit Golem Network Token USD is expected to under-perform the Yobit GeoCoin. But the crypto apears to be less risky and, when comparing its historical volatility, Yobit Golem Network Token USD is 3.01 times less risky than Yobit GeoCoin. The crypto trades about -0.03 of its potential returns per unit of risk. The Yobit GeoCoin USD is currently generating about 0.08 of returns per unit of risk over similar time horizon. If you would invest  50.00  in Yobit GeoCoin USD on February 22, 2018 and sell it today you would lose (29.00)  from holding Yobit GeoCoin USD or give up 58.0% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between Yobit Golem and Yobit GeoCoin


Time Period1 Month [change]
StrengthVery Weak
ValuesDaily Returns


Weak diversification

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

Comparative Volatility

 Predicted Return Density 

Yobit Golem Network


Risk-Adjusted Performance

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

Yobit GeoCoin USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit GeoCoin USD are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days.