This module allows you to analyze existing cross correlation between HitBTC Bancor Network Token USD and Yobit Rimbit USD. You can compare the effects of market volatilities on HitBTC Bancor and Yobit Rimbit 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 Rimbit. See also your portfolio center. Please also check ongoing floating volatility patterns of HitBTC Bancor and Yobit Rimbit.
HitBTC Bancor Network Token US vs. Yobit Rimbit USD
Bancor Network Token on HitBTC in USD
Market Cap: 1.4 M
Rimbit on Yobit in USD
Market Cap: 0
Assuming 30 trading days horizon, HitBTC Bancor is expected to generate 18.03 times less return on investment than Yobit Rimbit. But when comparing it to its historical volatility, HitBTC Bancor Network Token USD is 8.84 times less risky than Yobit Rimbit. It trades about 0.05 of its potential returns per unit of risk. Yobit Rimbit USD is currently generating about 0.09 of returns per unit of risk over similar time horizon. If you would invest 0.26 in Yobit Rimbit USD on April 22, 2018 and sell it today you would lose (0.15) from holding Yobit Rimbit USD or give up 56.91% of portfolio value over 30 days.
Pair Corralation between HitBTC Bancor and Yobit Rimbit
Overlapping area represents the amount of risk that can be diversified away by holding HitBTC Bancor Network Token US and Yobit Rimbit USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit Rimbit 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 Rimbit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit Rimbit USD has no effect on the direction of HitBTC Bancor i.e. HitBTC Bancor and Yobit Rimbit go up and down completely randomly.
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