This module allows you to analyze existing cross correlation between CCEX BlakeCoin USD and Yobit SibCoin USD. You can compare the effects of market volatilities on CCEX BlakeCoin and Yobit SibCoin 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 BlakeCoin with a short position of Yobit SibCoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of CCEX BlakeCoin
and Yobit SibCoin
CCEX BlakeCoin USD vs Yobit SibCoin USD
Assuming 30 trading days horizon, CCEX BlakeCoin USD is expected to generate 16.7 times more return on investment than Yobit SibCoin. However, CCEX BlakeCoin is 16.7 times more volatile than Yobit SibCoin USD. It trades about 0.17 of its potential returns per unit of risk. Yobit SibCoin USD is currently generating about 0.32 per unit of risk. If you would invest 20 in CCEX BlakeCoin USD on November 17, 2017 and sell it today you would lose (1.79) from holding CCEX BlakeCoin USD or give up 8.95% of portfolio value over 30 days.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding CCEX BlakeCoin USD and Yobit SibCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit SibCoin USD and CCEX BlakeCoin 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 CCEX BlakeCoin USD are associated (or correlated) with Yobit SibCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit SibCoin USD has no effect on the direction of CCEX BlakeCoin i.e. CCEX BlakeCoin and Yobit SibCoin go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in CCEX BlakeCoin USD are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit SibCoin USD are ranked lower than 20 (%) of all global equities and portfolios over the last 30 days.