This module allows you to analyze existing cross correlation between Yobit Cerium USD and Bitfinex Recovery Right Tokens USD. You can compare the effects of market volatilities on Yobit Cerium and Bitfinex Recovery 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 Cerium with a short position of Bitfinex Recovery. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit Cerium and Bitfinex Recovery.
Yobit Cerium USD vs. Bitfinex Recovery Right Tokens
Cerium on Yobit in USD
Market Cap: 0
Recovery Right Tokens on Bitfinex in USD
Market Cap: 50 K
Assuming 30 trading days horizon, Yobit Cerium USD is expected to generate 3.33 times more return on investment than Bitfinex Recovery. However, Yobit Cerium is 3.33 times more volatile than Bitfinex Recovery Right Tokens USD. It trades about 0.03 of its potential returns per unit of risk. Bitfinex Recovery Right Tokens USD is currently generating about 0.01 per unit of risk. If you would invest 5.00 in Yobit Cerium USD on March 26, 2018 and sell it today you would lose (4.21) from holding Yobit Cerium USD or give up 84.12% of portfolio value over 30 days.
Pair Corralation between Yobit Cerium and Bitfinex Recovery
Overlapping area represents the amount of risk that can be diversified away by holding Yobit Cerium USD and Bitfinex Recovery Right Tokens in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bitfinex Recovery Right and Yobit Cerium 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 Cerium USD are associated (or correlated) with Bitfinex Recovery. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitfinex Recovery Right has no effect on the direction of Yobit Cerium i.e. Yobit Cerium and Bitfinex Recovery go up and down completely randomly.
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