This module allows you to analyze existing cross correlation between Coinbase Bitcoin USD and Yobit SpaceCoin USD. You can compare the effects of market volatilities on Coinbase Bitcoin and Yobit SpaceCoin 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 SpaceCoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Coinbase Bitcoin and Yobit SpaceCoin.
|Time Horizon||30 Days Login to change|
Coinbase Bitcoin USD vs. Yobit SpaceCoin USD
Assuming 30 trading days horizon, Coinbase Bitcoin USD is expected to under-perform the Yobit SpaceCoin. But the crypto apears to be less risky and, when comparing its historical volatility, Coinbase Bitcoin USD is 10.56 times less risky than Yobit SpaceCoin. The crypto trades about -0.21 of its potential returns per unit of risk. The Yobit SpaceCoin USD is currently generating about 0.12 of returns per unit of risk over similar time horizon. If you would invest 0.46 in Yobit SpaceCoin USD on May 20, 2018 and sell it today you would lose (0.01) from holding Yobit SpaceCoin USD or give up 2.34% of portfolio value over 30 days.