Yobit Reddcoin USD vs. BitTrex Ethereum Classic USD
Assuming 30 trading days horizon, Yobit Reddcoin USD is expected to under-perform the BitTrex Ethereum. But the crypto apears to be less risky and, when comparing its historical volatility, Yobit Reddcoin USD is 1.08 times less risky than BitTrex Ethereum. The crypto trades about -0.07 of its potential returns per unit of risk. The BitTrex Ethereum Classic USD is currently generating about -0.01 of returns per unit of risk over similar time horizon. If you would invest 1,655 in BitTrex Ethereum Classic USD on May 21, 2018 and sell it today you would lose (144.00) from holding BitTrex Ethereum Classic USD or give up 8.7% of portfolio value over 30 days.
Pair Corralation between Yobit Reddcoin and BitTrex Ethereum
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding Yobit Reddcoin USD and BitTrex Ethereum Classic USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on BitTrex Ethereum Cla and Yobit Reddcoin 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 Reddcoin USD are associated (or correlated) with BitTrex Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BitTrex Ethereum Cla has no effect on the direction of Yobit Reddcoin i.e. Yobit Reddcoin and BitTrex Ethereum go up and down completely randomly.
Over the last 30 days Yobit Reddcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Over the last 30 days BitTrex Ethereum Classic USD has generated negative risk-adjusted returns adding no value to investors with long positions.
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