This module allows you to analyze existing cross correlation between CCEX BitZeny USD and Yobit iWallet USD. You can compare the effects of market volatilities on CCEX BitZeny and Yobit iWallet 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 BitZeny with a short position of Yobit iWallet. See also your portfolio center
. Please also check ongoing floating volatility patterns of CCEX BitZeny
and Yobit iWallet
CCEX BitZeny USD vs Yobit iWallet USD
Assuming 30 trading days horizon, CCEX BitZeny is expected to generate 5.482550190003E11 times less return on investment than Yobit iWallet. But when comparing it to its historical volatility, CCEX BitZeny USD is 7.2109783569842E11 times less risky than Yobit iWallet. It trades about 0.24 of its potential returns per unit of risk. Yobit iWallet USD is currently generating about 0.18 of returns per unit of risk over similar time horizon. If you would invest 0.00 in Yobit iWallet USD on November 10, 2017 and sell it today you would earn a total of 0.02 from holding Yobit iWallet USD or generate 9.223372036854776E16% return on investment over 30 days.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding CCEX BitZeny USD and Yobit iWallet USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit iWallet USD and CCEX BitZeny 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 BitZeny USD are associated (or correlated) with Yobit iWallet. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit iWallet USD has no effect on the direction of CCEX BitZeny i.e. CCEX BitZeny and Yobit iWallet go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in CCEX BitZeny USD are ranked lower than 15 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit iWallet USD are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days.