This module allows you to analyze existing cross correlation between Yobit Dogecoin USD and Yobit Waves USD. You can compare the effects of market volatilities on Yobit Dogecoin and Yobit Waves 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 Waves. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit Dogecoin and Yobit Waves.
|Time Horizon||30 Days Login to change|
Yobit Dogecoin USD vs. Yobit Waves USD
Assuming 30 trading days horizon, Yobit Dogecoin USD is expected to generate 0.84 times more return on investment than Yobit Waves. However, Yobit Dogecoin USD is 1.19 times less risky than Yobit Waves. It trades about -0.21 of its potential returns per unit of risk. Yobit Waves USD is currently generating about -0.24 per unit of risk. If you would invest 0.37 in Yobit Dogecoin USD on May 24, 2018 and sell it today you would lose (0.09) from holding Yobit Dogecoin USD or give up 25.2% of portfolio value over 30 days.