Pair Correlation Between Yobit Ratecoin and Yobit Golem

This module allows you to analyze existing cross correlation between Yobit Ratecoin USD and Yobit Golem Network Token USD. You can compare the effects of market volatilities on Yobit Ratecoin and Yobit Golem 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 Ratecoin with a short position of Yobit Golem. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit Ratecoin and Yobit Golem.
 Time Horizon     30 Days    Login   to change
Symbolsvs

Yobit Ratecoin USD  vs.  Yobit Golem Network Token USD

Yobit

Ratecoin on Yobit in USD
 0.001643 
0.000046  2.88%
Market Cap: 11.0
  

Yobit

Golem Network Token on Yobit in USD
 0.46 
0.0363  8.54%
Market Cap: 105
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Yobit Ratecoin USD is expected to generate 2.46 times more return on investment than Yobit Golem. However, Yobit Ratecoin is 2.46 times more volatile than Yobit Golem Network Token USD. It trades about 0.08 of its potential returns per unit of risk. Yobit Golem Network Token USD is currently generating about 0.08 per unit of risk. If you would invest  0.96  in Yobit Ratecoin USD on March 20, 2018 and sell it today you would lose (0.80)  from holding Yobit Ratecoin USD or give up 82.88% of portfolio value over 30 days.

Pair Corralation between Yobit Ratecoin and Yobit Golem

0.11
Time Period2 Months [change]
DirectionPositive 
StrengthInsignificant
Accuracy81.97%
ValuesDaily Returns

Diversification

Average diversification

Overlapping area represents the amount of risk that can be diversified away by holding Yobit Ratecoin USD and Yobit Golem Network Token USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit Golem Network and Yobit Ratecoin 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 Ratecoin USD are associated (or correlated) with Yobit Golem. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit Golem Network has no effect on the direction of Yobit Ratecoin i.e. Yobit Ratecoin and Yobit Golem go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
      Returns 
Yobit Ratecoin USD  
5 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Ratecoin USD are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days.
Yobit Golem Network  
4 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Golem Network Token USD are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days.

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See also your portfolio center. Please also try Fundamentals Matrix module to view fundamentals matrix and analyze how accounts are interrelated and interconnected with each other.