This module allows you to analyze existing cross correlation between LiveCoin CapriCoin USD and Yobit EtherDoge USD. You can compare the effects of market volatilities on LiveCoin CapriCoin and Yobit EtherDoge 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 CapriCoin with a short position of Yobit EtherDoge. See also your portfolio center. Please also check ongoing floating volatility patterns of LiveCoin CapriCoin and Yobit EtherDoge.
|Time Horizon||30 Days Login to change|
LiveCoin CapriCoin USD vs. Yobit EtherDoge USD
Assuming 30 trading days horizon, LiveCoin CapriCoin is expected to generate 4.06 times less return on investment than Yobit EtherDoge. But when comparing it to its historical volatility, LiveCoin CapriCoin USD is 5.6 times less risky than Yobit EtherDoge. It trades about 0.23 of its potential returns per unit of risk. Yobit EtherDoge USD is currently generating about 0.17 of returns per unit of risk over similar time horizon. If you would invest 0.22 in Yobit EtherDoge USD on May 23, 2018 and sell it today you would earn a total of 0.01 from holding Yobit EtherDoge USD or generate 4.28% return on investment over 30 days.