This module allows you to analyze existing cross correlation between Yobit ClubCoin USD and Kraken Monero USD. You can compare the effects of market volatilities on Yobit ClubCoin and Kraken Monero 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 Kraken Monero. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit ClubCoin
and Kraken Monero
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit ClubCoin USD are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days.
Over the last 30 days Kraken Monero USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Yobit ClubCoin and Kraken Monero Volatility Contrast
Yobit ClubCoin USD vs. Kraken Monero USD
Assuming 30 trading days horizon, Yobit ClubCoin USD is expected to generate 1.77 times more return on investment than Kraken Monero. However, Yobit ClubCoin is 1.77 times more volatile than Kraken Monero USD. It trades about 0.08 of its potential returns per unit of risk. Kraken Monero USD is currently generating about -0.09 per unit of risk. If you would invest 33.80 in Yobit ClubCoin USD on December 17, 2018 and sell it today you would earn a total of 2.92 from holding Yobit ClubCoin USD or generate 8.64% return on investment over 30 days.
Pair Corralation between Yobit ClubCoin and Kraken Monero
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Diversification Opportunities for Yobit ClubCoin and Kraken Monero
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding Yobit ClubCoin USD and Kraken Monero USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Kraken Monero 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 Kraken Monero. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kraken Monero USD has no effect on the direction of Yobit ClubCoin i.e. Yobit ClubCoin and Kraken Monero go up and down completely randomly.