This module allows you to analyze existing cross correlation between Yobit Positron USD and HitBTC Emercoin USD. You can compare the effects of market volatilities on Yobit Positron and HitBTC Emercoin 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 Positron with a short position of HitBTC Emercoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit Positron
and HitBTC Emercoin
Yobit Positron USD vs HitBTC Emercoin USD
Assuming 30 trading days horizon, Yobit Positron is expected to generate 1.3 times less return on investment than HitBTC Emercoin. But when comparing it to its historical volatility, Yobit Positron USD is 1.48 times less risky than HitBTC Emercoin. It trades about 0.23 of its potential returns per unit of risk. HitBTC Emercoin USD is currently generating about 0.2 of returns per unit of risk over similar time horizon. If you would invest 0.00 in HitBTC Emercoin USD on December 22, 2017 and sell it today you would earn a total of 754 from holding HitBTC Emercoin USD or generate 9.223372036854776E16% return on investment over 30 days.
|Time Period||1 Month [change]|
Very poor diversification
Overlapping area represents the amount of risk that can be diversified away by holding Yobit Positron USD and HitBTC Emercoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on HitBTC Emercoin USD and Yobit Positron 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 Positron USD are associated (or correlated) with HitBTC Emercoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of HitBTC Emercoin USD has no effect on the direction of Yobit Positron i.e. Yobit Positron and HitBTC Emercoin go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Positron USD are ranked lower than 15 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in HitBTC Emercoin USD are ranked lower than 13 (%) of all global equities and portfolios over the last 30 days.