This module allows you to analyze existing cross correlation between CCEX Asiadigicoin USD and Yobit EthereumScrypt USD. You can compare the effects of market volatilities on CCEX Asiadigicoin and Yobit EthereumScrypt 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 CCEX Asiadigicoin with a short position of Yobit EthereumScrypt. See also your portfolio center. Please also check ongoing floating volatility patterns of CCEX Asiadigicoin and Yobit EthereumScrypt.
|Time Horizon||30 Days Login to change|
CCEX Asiadigicoin USD vs. Yobit EthereumScrypt USD
Assuming 30 trading days horizon, CCEX Asiadigicoin USD is expected to generate 1.65 times more return on investment than Yobit EthereumScrypt. However, CCEX Asiadigicoin is 1.65 times more volatile than Yobit EthereumScrypt USD. It trades about -0.12 of its potential returns per unit of risk. Yobit EthereumScrypt USD is currently generating about -0.25 per unit of risk. If you would invest 0.25 in CCEX Asiadigicoin USD on May 19, 2018 and sell it today you would lose (0.13) from holding CCEX Asiadigicoin USD or give up 51.87% of portfolio value over 30 days.