This module allows you to analyze existing cross correlation between Yobit Dogecoin USD and Yobit Rimbit USD. You can compare the effects of market volatilities on Yobit Dogecoin and Yobit Rimbit 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 Dogecoin with a short position of Yobit Rimbit. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit Dogecoin and Yobit Rimbit.
|Time Horizon||30 Days Login to change|
Yobit Dogecoin USD vs. Yobit Rimbit USD
Assuming 30 trading days horizon, Yobit Dogecoin USD is expected to under-perform the Yobit Rimbit. But the crypto apears to be less risky and, when comparing its historical volatility, Yobit Dogecoin USD is 11.59 times less risky than Yobit Rimbit. The crypto trades about -0.18 of its potential returns per unit of risk. The Yobit Rimbit USD is currently generating about 0.21 of returns per unit of risk over similar time horizon. If you would invest 0.10 in Yobit Rimbit USD on May 23, 2018 and sell it today you would earn a total of 0.09 from holding Yobit Rimbit USD or generate 93.03% return on investment over 30 days.