Pair Correlation Between Yobit TekCoin and BitTrex Ethereum

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


TekCoin on Yobit in USD
0.00005  20%
Market Cap: 1.1 K


Ethereum Classic on BitTrex in USD
(1.62)  5.44%
Market Cap: 88.6 M
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit TekCoin USD is expected to generate 13.63 times more return on investment than BitTrex Ethereum. However, Yobit TekCoin is 13.63 times more volatile than BitTrex Ethereum Classic USD. It trades about 0.2 of its potential returns per unit of risk. BitTrex Ethereum Classic USD is currently generating about -0.02 per unit of risk. If you would invest  0.01  in Yobit TekCoin USD on December 18, 2017 and sell it today you would earn a total of  0.02  from holding Yobit TekCoin USD or generate 275.0% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Yobit TekCoin and BitTrex Ethereum


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 TekCoin USD and BitTrex Ethereum Classic USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on BitTrex Ethereum Cla and Yobit TekCoin 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 TekCoin USD are associated (or correlated) with BitTrex Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BitTrex Ethereum Cla has no effect on the direction of Yobit TekCoin i.e. Yobit TekCoin and BitTrex Ethereum go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

Yobit TekCoin USD


Risk-Adjusted Performance

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

Yobit TekCoin USD

Pair trading matchups for Yobit TekCoin

BitTrex Ethereum Cla


Risk-Adjusted Performance

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

BitTrex Ethereum Classic USD

Pair trading matchups for BitTrex Ethereum