This module allows you to analyze existing cross correlation between HitBTC BitConnect Coin USD and Yobit Rise USD. You can compare the effects of market volatilities on HitBTC BitConnect and Yobit Rise 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 HitBTC BitConnect with a short position of Yobit Rise. See also your portfolio center
. Please also check ongoing floating volatility patterns of HitBTC BitConnect
and Yobit Rise
HitBTC BitConnect Coin USD vs Yobit Rise USD
Assuming 30 trading days horizon, HitBTC BitConnect Coin USD is expected to generate 7.02061069583911E12 times more return on investment than Yobit Rise. However, HitBTC BitConnect is 7.02061069583911E12 times more volatile than Yobit Rise USD. It trades about 0.18 of its potential returns per unit of risk. Yobit Rise USD is currently generating about 0.21 per unit of risk. If you would invest 0.00 in HitBTC BitConnect Coin USD on November 12, 2017 and sell it today you would earn a total of 33,740 from holding HitBTC BitConnect Coin 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 HitBTC BitConnect Coin USD and Yobit Rise USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit Rise USD and HitBTC BitConnect 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 HitBTC BitConnect Coin USD are associated (or correlated) with Yobit Rise. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit Rise USD has no effect on the direction of HitBTC BitConnect i.e. HitBTC BitConnect and Yobit Rise go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in HitBTC BitConnect Coin USD are ranked lower than 12 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Rise USD are ranked lower than 13 (%) of all global equities and portfolios over the last 30 days.