This module allows you to analyze existing cross correlation between HitBTC Bancor Network Token USD and Yobit Gamecredits USD. You can compare the effects of market volatilities on HitBTC Bancor and Yobit Gamecredits 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 Bancor with a short position of Yobit Gamecredits. See also your portfolio center. Please also check ongoing floating volatility patterns of HitBTC Bancor and Yobit Gamecredits.
HitBTC Bancor Network Token US vs. Yobit Gamecredits USD
Bancor Network Token on HitBTC in USD
Market Cap: 1.3 M
Gamecredits on Yobit in USD
Market Cap: 0
Assuming 30 trading days horizon, HitBTC Bancor Network Token USD is expected to under-perform the Yobit Gamecredits. But the crypto apears to be less risky and, when comparing its historical volatility, HitBTC Bancor Network Token USD is 3.49 times less risky than Yobit Gamecredits. The crypto trades about -0.06 of its potential returns per unit of risk. The Yobit Gamecredits USD is currently generating about 0.07 of returns per unit of risk over similar time horizon. If you would invest 50.60 in Yobit Gamecredits USD on April 25, 2018 and sell it today you would lose (0.61) from holding Yobit Gamecredits USD or give up 1.21% of portfolio value over 30 days.
Pair Corralation between HitBTC Bancor and Yobit Gamecredits
Overlapping area represents the amount of risk that can be diversified away by holding HitBTC Bancor Network Token US and Yobit Gamecredits USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit Gamecredits USD and HitBTC Bancor 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 Bancor Network Token USD are associated (or correlated) with Yobit Gamecredits. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit Gamecredits USD has no effect on the direction of HitBTC Bancor i.e. HitBTC Bancor and Yobit Gamecredits go up and down completely randomly.
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