This module allows you to analyze existing cross correlation between HitBTC Verge USD and Yobit Ratecoin USD. You can compare the effects of market volatilities on HitBTC Verge and Yobit Ratecoin 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 Ratecoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of HitBTC Verge
and Yobit Ratecoin
HitBTC Verge USD vs Yobit Ratecoin USD
Assuming 30 trading days horizon, HitBTC Verge is expected to generate 18.32 times less return on investment than Yobit Ratecoin. But when comparing it to its historical volatility, HitBTC Verge USD is 8.3 times less risky than Yobit Ratecoin. It trades about 0.1 of its potential returns per unit of risk. Yobit Ratecoin USD is currently generating about 0.23 of returns per unit of risk over similar time horizon. If you would invest 0.38 in Yobit Ratecoin USD on December 22, 2017 and sell it today you would earn a total of 0.41 from holding Yobit Ratecoin USD or generate 105.98% 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 Verge USD and Yobit Ratecoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit Ratecoin USD 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 Ratecoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit Ratecoin USD has no effect on the direction of HitBTC Verge i.e. HitBTC Verge and Yobit Ratecoin go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in HitBTC Verge USD are ranked lower than 6 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Ratecoin USD are ranked lower than 15 (%) of all global equities and portfolios over the last 30 days.