This module allows you to analyze existing cross correlation between LiveCoin BlueCoin USD and Yobit PetroDollar USD. You can compare the effects of market volatilities on LiveCoin BlueCoin and Yobit PetroDollar 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 LiveCoin BlueCoin with a short position of Yobit PetroDollar. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin BlueCoin and Yobit PetroDollar.
Assuming 30 trading days horizon, LiveCoin BlueCoin is expected to generate 12.99 times less return on investment than Yobit PetroDollar. But when comparing it to its historical volatility, LiveCoin BlueCoin USD is 4.49 times less risky than Yobit PetroDollar. It trades about 0.12 of its potential returns per unit of risk. Yobit PetroDollar USD is currently generating about 0.36 of returns per unit of risk over similar time horizon. If you would invest 0.84 in Yobit PetroDollar USD on July 21, 2018 and sell it today you would earn a total of 6.06 from holding Yobit PetroDollar USD or generate 724.37% return on investment over 30 days.
Pair Corralation between LiveCoin BlueCoin and Yobit PetroDollar
Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin BlueCoin USD and Yobit PetroDollar USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit PetroDollar USD and LiveCoin BlueCoin 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 LiveCoin BlueCoin USD are associated (or correlated) with Yobit PetroDollar. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit PetroDollar USD has no effect on the direction of LiveCoin BlueCoin i.e. LiveCoin BlueCoin and Yobit PetroDollar 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.