This module allows you to analyze existing cross correlation between Kraken Monero USD and Yobit CannabisCoin USD. You can compare the effects of market volatilities on Kraken Monero and Yobit CannabisCoin 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 Kraken Monero with a short position of Yobit CannabisCoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Kraken Monero and Yobit CannabisCoin.
|Time Horizon||30 Days Login to change|
Kraken Monero USD vs. Yobit CannabisCoin USD
Assuming 30 trading days horizon, Kraken Monero USD is expected to under-perform the Yobit CannabisCoin. But the crypto apears to be less risky and, when comparing its historical volatility, Kraken Monero USD is 6.9 times less risky than Yobit CannabisCoin. The crypto trades about -0.26 of its potential returns per unit of risk. The Yobit CannabisCoin USD is currently generating about 0.06 of returns per unit of risk over similar time horizon. If you would invest 3.15 in Yobit CannabisCoin USD on May 25, 2018 and sell it today you would lose (1.35) from holding Yobit CannabisCoin USD or give up 42.84% of portfolio value over 30 days.