This module allows you to analyze existing cross correlation between Yobit ClubCoin USD and HitBTC Verge USD. You can compare the effects of market volatilities on Yobit ClubCoin and HitBTC Verge 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 ClubCoin with a short position of HitBTC Verge. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit ClubCoin
and HitBTC Verge
Yobit ClubCoin USD vs HitBTC Verge USD
Assuming 30 trading days horizon, Yobit ClubCoin USD is expected to generate 6.57 times more return on investment than HitBTC Verge. However, Yobit ClubCoin is 6.57 times more volatile than HitBTC Verge USD. It trades about 0.2 of its potential returns per unit of risk. HitBTC Verge USD is currently generating about 0.09 per unit of risk. If you would invest 480 in Yobit ClubCoin USD on December 18, 2017 and sell it today you would lose (168) from holding Yobit ClubCoin USD or give up 35.0% of portfolio value over 30 days.
|Time Period||1 Month [change]|
Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Yobit ClubCoin USD and HitBTC Verge USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on HitBTC Verge USD and Yobit ClubCoin 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 ClubCoin USD are associated (or correlated) with HitBTC Verge. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of HitBTC Verge USD has no effect on the direction of Yobit ClubCoin i.e. Yobit ClubCoin and HitBTC Verge go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit ClubCoin USD are ranked lower than 13 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in HitBTC Verge USD are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days.