Pair Correlation Between Yobit SkullBuzz and HitBTC Emercoin

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


SkullBuzz on Yobit in USD
(0.14)  57.83%
Market Cap: 100.0


Emercoin on HitBTC in USD
1.4  24.78%
Market Cap: 1.5 M
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit SkullBuzz USD is expected to under-perform the HitBTC Emercoin. But the crypto apears to be less risky and, when comparing its historical volatility, Yobit SkullBuzz USD is 4.79 times less risky than HitBTC Emercoin. The crypto trades about 0.0 of its potential returns per unit of risk. The HitBTC Emercoin USD is currently generating about 0.2 of returns per unit of risk over similar time horizon. If you would invest  0.00  in HitBTC Emercoin USD on December 19, 2017 and sell it today you would earn a total of  565  from holding HitBTC Emercoin USD or generate 9.223372036854776E16% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Yobit SkullBuzz and HitBTC Emercoin


Time Period1 Month [change]
ValuesDaily Returns


Significant diversification

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

Comparative Volatility

 Predicted Return Density 

Yobit SkullBuzz USD


Risk-Adjusted Performance

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

HitBTC Emercoin USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in HitBTC Emercoin USD are ranked lower than 13 (%) of all global equities and portfolios over the last 30 days.

HitBTC Emercoin USD

Pair trading matchups for HitBTC Emercoin