This module allows you to analyze existing cross correlation between Yobit Decred USD and Yobit SibCoin USD. You can compare the effects of market volatilities on Yobit Decred and Yobit SibCoin 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 Decred with a short position of Yobit SibCoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit Decred and Yobit SibCoin.
Assuming 30 trading days horizon, Yobit Decred USD is expected to generate 0.86 times more return on investment than Yobit SibCoin. However, Yobit Decred USD is 1.16 times less risky than Yobit SibCoin. It trades about 0.06 of its potential returns per unit of risk. Yobit SibCoin USD is currently generating about -0.02 per unit of risk. If you would invest 7,100 in Yobit Decred USD on March 26, 2018 and sell it today you would earn a total of 900.00 from holding Yobit Decred USD or generate 12.68% return on investment over 30 days.
Pair Corralation between Yobit Decred and Yobit SibCoin
Overlapping area represents the amount of risk that can be diversified away by holding Yobit Decred USD and Yobit SibCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit SibCoin USD and Yobit Decred 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 Decred USD are associated (or correlated) with Yobit SibCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit SibCoin USD has no effect on the direction of Yobit Decred i.e. Yobit Decred and Yobit SibCoin go up and down completely randomly.
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