This module allows you to analyze existing cross correlation between CCEX Dogecoin USD and Yobit Reddcoin USD. You can compare the effects of market volatilities on CCEX Dogecoin and Yobit Reddcoin 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 Dogecoin with a short position of Yobit Reddcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of CCEX Dogecoin and Yobit Reddcoin.
|Time Horizon||30 Days Login to change|
CCEX Dogecoin USD vs. Yobit Reddcoin USD
Assuming 30 trading days horizon, CCEX Dogecoin USD is expected to under-perform the Yobit Reddcoin. In addition to that, CCEX Dogecoin is 1.11 times more volatile than Yobit Reddcoin USD. It trades about -0.22 of its total potential returns per unit of risk. Yobit Reddcoin USD is currently generating about -0.16 per unit of volatility. If you would invest 0.82 in Yobit Reddcoin USD on May 19, 2018 and sell it today you would lose (0.26) from holding Yobit Reddcoin USD or give up 31.61% of portfolio value over 30 days.