This module allows you to analyze existing cross correlation between Yobit Influxcoin USD and Cexio Ethereum USD. You can compare the effects of market volatilities on Yobit Influxcoin and Cexio 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 Influxcoin with a short position of Cexio Ethereum. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit Influxcoin
and Cexio Ethereum
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Influxcoin USD are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days.
Over the last 30 days Cexio Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Yobit Influxcoin and Cexio Ethereum Volatility Contrast
Yobit Influxcoin USD vs. Cexio Ethereum USD
Assuming 30 trading days horizon, Yobit Influxcoin USD is expected to generate 5.98 times more return on investment than Cexio Ethereum. However, Yobit Influxcoin is 5.98 times more volatile than Cexio Ethereum USD. It trades about 0.02 of its potential returns per unit of risk. Cexio Ethereum USD is currently generating about -0.02 per unit of risk. If you would invest 2.70 in Yobit Influxcoin USD on December 17, 2018 and sell it today you would lose (2.40) from holding Yobit Influxcoin USD or give up 88.89% of portfolio value over 30 days.
Pair Corralation between Yobit Influxcoin and Cexio Ethereum
|Time Period||2 Months [change]|
Diversification Opportunities for Yobit Influxcoin and Cexio Ethereum
Overlapping area represents the amount of risk that can be diversified away by holding Yobit Influxcoin USD and Cexio Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Cexio Ethereum USD and Yobit Influxcoin 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 Influxcoin USD are associated (or correlated) with Cexio Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cexio Ethereum USD has no effect on the direction of Yobit Influxcoin i.e. Yobit Influxcoin and Cexio Ethereum go up and down completely randomly.