This module allows you to analyze existing cross correlation between Yobit Reddcoin USD and Coinbase Bitcoin USD. You can compare the effects of market volatilities on Yobit Reddcoin and Coinbase Bitcoin 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 Reddcoin with a short position of Coinbase Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit Reddcoin and Coinbase Bitcoin.
|Time Horizon||30 Days Login to change|
Yobit Reddcoin USD vs. Coinbase Bitcoin USD
Assuming 30 trading days horizon, Yobit Reddcoin USD is expected to generate 2.15 times more return on investment than Coinbase Bitcoin. However, Yobit Reddcoin is 2.15 times more volatile than Coinbase Bitcoin USD. It trades about 0.0 of its potential returns per unit of risk. Coinbase Bitcoin USD is currently generating about -0.12 per unit of risk. If you would invest 0.68 in Yobit Reddcoin USD on May 22, 2018 and sell it today you would lose (0.04) from holding Yobit Reddcoin USD or give up 5.67% of portfolio value over 30 days.