This module allows you to analyze existing cross correlation between Kraken Monero USD and Yobit Waves USD. You can compare the effects of market volatilities on Kraken Monero and Yobit Waves 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 Waves. See also your portfolio center. Please also check ongoing floating volatility patterns of Kraken Monero and Yobit Waves.
|Time Horizon||30 Days Login to change|
Kraken Monero USD vs. Yobit Waves USD
Assuming 30 trading days horizon, Kraken Monero USD is expected to generate 0.74 times more return on investment than Yobit Waves. However, Kraken Monero USD is 1.35 times less risky than Yobit Waves. It trades about -0.28 of its potential returns per unit of risk. Yobit Waves USD is currently generating about -0.24 per unit of risk. If you would invest 17,665 in Kraken Monero USD on May 21, 2018 and sell it today you would lose (5,338) from holding Kraken Monero USD or give up 30.22% of portfolio value over 30 days.