This module allows you to analyze existing cross correlation between Yobit Mineum USD and Yobit DebitCoin USD. You can compare the effects of market volatilities on Yobit Mineum and Yobit DebitCoin 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 Mineum with a short position of Yobit DebitCoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit Mineum and Yobit DebitCoin.
Assuming 30 trading days horizon, Yobit Mineum USD is expected to generate 1.42 times more return on investment than Yobit DebitCoin. However, Yobit Mineum is 1.42 times more volatile than Yobit DebitCoin USD. It trades about 0.22 of its potential returns per unit of risk. Yobit DebitCoin USD is currently generating about 0.16 per unit of risk. If you would invest 3.80 in Yobit Mineum USD on March 20, 2018 and sell it today you would lose (0.70) from holding Yobit Mineum USD or give up 18.42% of portfolio value over 30 days.
Pair Corralation between Yobit Mineum and Yobit DebitCoin
Overlapping area represents the amount of risk that can be diversified away by holding Yobit Mineum USD and Yobit DebitCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit DebitCoin USD and Yobit Mineum 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 Mineum USD are associated (or correlated) with Yobit DebitCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit DebitCoin USD has no effect on the direction of Yobit Mineum i.e. Yobit Mineum and Yobit DebitCoin go up and down completely randomly.
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