This module allows you to analyze existing cross correlation between HitBTC Verge USD and Yobit Golem Network Token USD. You can compare the effects of market volatilities on HitBTC Verge and Yobit Golem 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 Verge with a short position of Yobit Golem. See also your portfolio center. Please also check ongoing floating volatility patterns of HitBTC Verge and Yobit Golem.
HitBTC Verge USD vs. Yobit Golem Network Token USD
Verge on HitBTC in USD
Market Cap: 142 K
Golem Network Token on Yobit in USD
Market Cap: 105
Assuming 30 trading days horizon, HitBTC Verge is expected to generate 2.22 times less return on investment than Yobit Golem. But when comparing it to its historical volatility, HitBTC Verge USD is 1.5 times less risky than Yobit Golem. It trades about 0.06 of its potential returns per unit of risk. Yobit Golem Network Token USD is currently generating about 0.09 of returns per unit of risk over similar time horizon. If you would invest 40.00 in Yobit Golem Network Token USD on March 22, 2018 and sell it today you would earn a total of 6.54 from holding Yobit Golem Network Token USD or generate 16.35% return on investment over 30 days.
Pair Corralation between HitBTC Verge and Yobit Golem
Overlapping area represents the amount of risk that can be diversified away by holding HitBTC Verge USD and Yobit Golem Network Token USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit Golem Network and HitBTC Verge 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 Verge USD are associated (or correlated) with Yobit Golem. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit Golem Network has no effect on the direction of HitBTC Verge i.e. HitBTC Verge and Yobit Golem go up and down completely randomly.
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.