Pair Correlation Between Yobit Golem and Yobit Save

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


Golem Network Token on Yobit in USD
0.0009  0.36%
Market Cap: 21.0


Save and Gain on Yobit in USD
0.01622  24.13%
Market Cap: 3.1 K
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit Golem is expected to generate 497.5 times less return on investment than Yobit Save. But when comparing it to its historical volatility, Yobit Golem Network Token USD is 16.54 times less risky than Yobit Save. It trades about 0.01 of its potential returns per unit of risk. Yobit Save and Gain USD is currently generating about 0.27 of returns per unit of risk over similar time horizon. If you would invest  0.10  in Yobit Save and Gain USD on February 21, 2018 and sell it today you would earn a total of  5.00  from holding Yobit Save and Gain USD or generate 4964.55% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Yobit Golem and Yobit Save


Time Period1 Month [change]
ValuesDaily Returns


Good diversification

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


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Save and Gain USD are ranked lower than 17 (%) of all global equities and portfolios over the last 30 days.