Pair Correlation Between Yobit Iconic and LiveCoin PutinCoin

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


Iconic on Yobit in USD
0.01798  22.48%
Market Cap: 88.0


PutinCoin on LiveCoin in USD
0.00325  34.03%
Market Cap: 866
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit Iconic USD is expected to under-perform the LiveCoin PutinCoin. In addition to that, Yobit Iconic is 1.56 times more volatile than LiveCoin PutinCoin USD. It trades about -0.23 of its total potential returns per unit of risk. LiveCoin PutinCoin USD is currently generating about 0.06 per unit of volatility. If you would invest  1.23  in LiveCoin PutinCoin USD on February 15, 2018 and sell it today you would earn a total of  0.02  from holding LiveCoin PutinCoin USD or generate 1.71% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Yobit Iconic and LiveCoin PutinCoin


Time Period1 Month [change]
ValuesDaily Returns


Very good diversification

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

Comparative Volatility

 Predicted Return Density 

Yobit Iconic USD


Risk-Adjusted Performance

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

LiveCoin PutinCoin USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin PutinCoin USD are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days.