This module allows you to analyze existing cross correlation between Yobit Ethereum USD and Coinroom Ethereum USD. You can compare the effects of market volatilities on Yobit Ethereum and Coinroom Ethereum 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 Ethereum with a short position of Coinroom Ethereum. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit Ethereum
and Coinroom Ethereum
Yobit Ethereum USD vs Coinroom Ethereum USD
Assuming 30 trading days horizon, Yobit Ethereum USD is expected to generate 1.08 times more return on investment than Coinroom Ethereum. However, Yobit Ethereum is 1.08 times more volatile than Coinroom Ethereum USD. It trades about 0.36 of its potential returns per unit of risk. Coinroom Ethereum USD is currently generating about 0.32 per unit of risk. If you would invest 32,526 in Yobit Ethereum USD on November 13, 2017 and sell it today you would earn a total of 30,809 from holding Yobit Ethereum USD or generate 94.72% return on investment over 30 days.
|Time Period||1 Month [change]|
Almost no diversification
Overlapping area represents the amount of risk that can be diversified away by holding Yobit Ethereum USD and Coinroom Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Coinroom Ethereum USD and Yobit Ethereum 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 Ethereum USD are associated (or correlated) with Coinroom Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Coinroom Ethereum USD has no effect on the direction of Yobit Ethereum i.e. Yobit Ethereum and Coinroom Ethereum go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Ethereum USD are ranked lower than 23 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Coinroom Ethereum USD are ranked lower than 20 (%) of all global equities and portfolios over the last 30 days.