This module allows you to analyze existing cross correlation between BitTrex Ethereum Classic USD and Yobit SpaceCoin USD. You can compare the effects of market volatilities on BitTrex Ethereum and Yobit SpaceCoin 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 BitTrex Ethereum with a short position of Yobit SpaceCoin. See also your portfolio center. Please also check ongoing floating volatility patterns of BitTrex Ethereum and Yobit SpaceCoin.
|Time Horizon||30 Days Login to change|
BitTrex Ethereum Classic USD vs. Yobit SpaceCoin USD
Assuming 30 trading days horizon, BitTrex Ethereum Classic USD is expected to under-perform the Yobit SpaceCoin. But the crypto apears to be less risky and, when comparing its historical volatility, BitTrex Ethereum Classic USD is 4.76 times less risky than Yobit SpaceCoin. The crypto trades about -0.08 of its potential returns per unit of risk. The Yobit SpaceCoin USD is currently generating about 0.12 of returns per unit of risk over similar time horizon. If you would invest 0.46 in Yobit SpaceCoin USD on May 19, 2018 and sell it today you would lose (0.01) from holding Yobit SpaceCoin USD or give up 2.34% of portfolio value over 30 days.