This module allows you to analyze existing cross correlation between Yobit Rimbit USD and Yobit Dogecoin USD. You can compare the effects of market volatilities on Yobit Rimbit and Yobit Dogecoin 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 Rimbit with a short position of Yobit Dogecoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit Rimbit and Yobit Dogecoin.
|Time Horizon||30 Days Login to change|
Yobit Rimbit USD vs. Yobit Dogecoin USD
Assuming 30 trading days horizon, Yobit Rimbit USD is expected to generate 11.65 times more return on investment than Yobit Dogecoin. However, Yobit Rimbit is 11.65 times more volatile than Yobit Dogecoin USD. It trades about 0.2 of its potential returns per unit of risk. Yobit Dogecoin USD is currently generating about -0.13 per unit of risk. If you would invest 0.11 in Yobit Rimbit USD on May 22, 2018 and sell it today you would earn a total of 0.08 from holding Yobit Rimbit USD or generate 75.54% return on investment over 30 days.