This module allows you to analyze existing cross correlation between Yobit Rimbit USD and Yobit SkullBuzz USD. You can compare the effects of market volatilities on Yobit Rimbit and Yobit SkullBuzz 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 SkullBuzz. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit Rimbit and Yobit SkullBuzz.
Assuming 30 trading days horizon, Yobit Rimbit USD is expected to generate 1.72 times more return on investment than Yobit SkullBuzz. However, Yobit Rimbit is 1.72 times more volatile than Yobit SkullBuzz USD. It trades about 0.09 of its potential returns per unit of risk. Yobit SkullBuzz USD is currently generating about 0.11 per unit of risk. If you would invest 0.26 in Yobit Rimbit USD on April 22, 2018 and sell it today you would lose (0.15) from holding Yobit Rimbit USD or give up 56.91% of portfolio value over 30 days.
Pair Corralation between Yobit Rimbit and Yobit SkullBuzz
Overlapping area represents the amount of risk that can be diversified away by holding Yobit Rimbit USD and Yobit SkullBuzz USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit SkullBuzz USD and Yobit Rimbit 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 Rimbit USD are associated (or correlated) with Yobit SkullBuzz. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit SkullBuzz USD has no effect on the direction of Yobit Rimbit i.e. Yobit Rimbit and Yobit SkullBuzz go up and down completely randomly.
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