Pair Correlation Between Yobit SibCoin and Yobit Chip

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

Yobit SibCoin USD  vs.  Yobit Chip USD


SibCoin on Yobit in USD
0.11  8.59%
Market Cap: 3.0


Chip on Yobit in USD
0.000001  0.0317%
Market Cap: 2.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit SibCoin USD is expected to under-perform the Yobit Chip. But the crypto apears to be less risky and, when comparing its historical volatility, Yobit SibCoin USD is 2.01 times less risky than Yobit Chip. The crypto trades about -0.02 of its potential returns per unit of risk. The Yobit Chip USD is currently generating about 0.02 of returns per unit of risk over similar time horizon. If you would invest  1.28  in Yobit Chip USD on March 22, 2018 and sell it today you would lose (0.96)  from holding Yobit Chip USD or give up 75.34% of portfolio value over 30 days.

Pair Corralation between Yobit SibCoin and Yobit Chip

Time Period2 Months [change]
ValuesDaily Returns


Very good diversification

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

Comparative Volatility

 Predicted Return Density 
Yobit SibCoin USD  

Risk-Adjusted Performance

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

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Chip USD are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days.

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