This module allows you to analyze existing cross correlation between Yobit GeoCoin USD and Yobit SpaceCoin USD. You can compare the effects of market volatilities on Yobit GeoCoin and Yobit SpaceCoin 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 GeoCoin with a short position of Yobit SpaceCoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit GeoCoin and Yobit SpaceCoin.
Assuming 30 trading days horizon, Yobit GeoCoin USD is expected to generate 1.79 times more return on investment than Yobit SpaceCoin. However, Yobit GeoCoin is 1.79 times more volatile than Yobit SpaceCoin USD. It trades about 0.06 of its potential returns per unit of risk. Yobit SpaceCoin USD is currently generating about 0.03 per unit of risk. If you would invest 86.00 in Yobit GeoCoin USD on March 21, 2018 and sell it today you would lose (72.43) from holding Yobit GeoCoin USD or give up 84.22% of portfolio value over 30 days.
Pair Corralation between Yobit GeoCoin and Yobit SpaceCoin
Overlapping area represents the amount of risk that can be diversified away by holding Yobit GeoCoin USD and Yobit SpaceCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit SpaceCoin USD and Yobit GeoCoin 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 GeoCoin USD are associated (or correlated) with Yobit SpaceCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit SpaceCoin USD has no effect on the direction of Yobit GeoCoin i.e. Yobit GeoCoin and Yobit SpaceCoin go up and down completely randomly.
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