This module allows you to analyze existing cross correlation between Coinbase Bitcoin USD and Yobit MaxCoin USD. You can compare the effects of market volatilities on Coinbase Bitcoin and Yobit MaxCoin 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 Coinbase Bitcoin with a short position of Yobit MaxCoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Coinbase Bitcoin and Yobit MaxCoin.
|Time Horizon||30 Days Login to change|
Coinbase Bitcoin USD vs. Yobit MaxCoin USD
Assuming 30 trading days horizon, Coinbase Bitcoin USD is expected to under-perform the Yobit MaxCoin. But the crypto apears to be less risky and, when comparing its historical volatility, Coinbase Bitcoin USD is 4.23 times less risky than Yobit MaxCoin. The crypto trades about -0.21 of its potential returns per unit of risk. The Yobit MaxCoin USD is currently generating about 0.08 of returns per unit of risk over similar time horizon. If you would invest 6.51 in Yobit MaxCoin USD on May 20, 2018 and sell it today you would earn a total of 0.49 from holding Yobit MaxCoin USD or generate 7.54% return on investment over 30 days.