This module allows you to analyze existing cross correlation between Yobit LeaCoin USD and Cexio Ethereum USD. You can compare the effects of market volatilities on Yobit LeaCoin 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 LeaCoin with a short position of Cexio Ethereum. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit LeaCoin
and Cexio Ethereum
Yobit LeaCoin USD vs Cexio Ethereum USD
Assuming 30 trading days horizon, Yobit LeaCoin USD is expected to generate 37.11 times more return on investment than Cexio Ethereum. However, Yobit LeaCoin is 37.11 times more volatile than Cexio Ethereum USD. It trades about 0.23 of its potential returns per unit of risk. Cexio Ethereum USD is currently generating about 0.19 per unit of risk. If you would invest 0.05 in Yobit LeaCoin USD on December 17, 2017 and sell it today you would earn a total of 0.04 from holding Yobit LeaCoin USD or generate 80.0% return on investment over 30 days.
|Time Period||1 Month [change]|
Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Yobit LeaCoin 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 LeaCoin 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 LeaCoin 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 LeaCoin i.e. Yobit LeaCoin and Cexio Ethereum go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit LeaCoin USD are ranked lower than 15 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Cexio Ethereum USD are ranked lower than 12 (%) of all global equities and portfolios over the last 30 days.