This module allows you to analyze existing cross correlation between Yobit MaxCoin USD and Yobit Rimbit USD. You can compare the effects of market volatilities on Yobit MaxCoin and Yobit Rimbit 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 MaxCoin with a short position of Yobit Rimbit. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit MaxCoin
and Yobit Rimbit
Yobit MaxCoin USD vs Yobit Rimbit USD
Assuming 30 trading days horizon, Yobit MaxCoin USD is expected to under-perform the Yobit Rimbit. But the crypto apears to be less risky and, when comparing its historical volatility, Yobit MaxCoin USD is 1.62 times less risky than Yobit Rimbit. The crypto trades about -0.05 of its potential returns per unit of risk. The Yobit Rimbit USD is currently generating about 0.09 of returns per unit of risk over similar time horizon. If you would invest 0.49 in Yobit Rimbit USD on February 16, 2018 and sell it today you would lose (0.28) from holding Yobit Rimbit USD or give up 56.33% of portfolio value over 30 days.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding Yobit MaxCoin USD and Yobit Rimbit USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit Rimbit USD and Yobit MaxCoin 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 MaxCoin USD are associated (or correlated) with Yobit Rimbit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit Rimbit USD has no effect on the direction of Yobit MaxCoin i.e. Yobit MaxCoin and Yobit Rimbit go up and down completely randomly.
Over the last 30 days Yobit MaxCoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Rimbit USD are ranked lower than 6 (%) of all global equities and portfolios over the last 30 days.