This module allows you to analyze existing cross correlation between Yobit CannabisCoin USD and Coinbase Bitcoin USD. You can compare the effects of market volatilities on Yobit CannabisCoin and Coinbase Bitcoin 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 CannabisCoin with a short position of Coinbase Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit CannabisCoin and Coinbase Bitcoin.
|Time Horizon||30 Days Login to change|
Yobit CannabisCoin USD vs. Coinbase Bitcoin USD
Assuming 30 trading days horizon, Yobit CannabisCoin USD is expected to generate 8.34 times more return on investment than Coinbase Bitcoin. However, Yobit CannabisCoin is 8.34 times more volatile than Coinbase Bitcoin USD. It trades about 0.07 of its potential returns per unit of risk. Coinbase Bitcoin USD is currently generating about -0.19 per unit of risk. If you would invest 3.50 in Yobit CannabisCoin USD on May 23, 2018 and sell it today you would lose (1.20) from holding Yobit CannabisCoin USD or give up 34.29% of portfolio value over 30 days.