This module allows you to analyze existing cross correlation between Poloniex Stellar USD and Yobit Reddcoin USD. You can compare the effects of market volatilities on Poloniex Stellar and Yobit Reddcoin 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 Poloniex Stellar with a short position of Yobit Reddcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Poloniex Stellar and Yobit Reddcoin.
|Time Horizon||30 Days Login to change|
Poloniex Stellar USD vs. Yobit Reddcoin USD
Assuming 30 trading days horizon, Poloniex Stellar USD is expected to under-perform the Yobit Reddcoin. But the crypto apears to be less risky and, when comparing its historical volatility, Poloniex Stellar USD is 1.25 times less risky than Yobit Reddcoin. The crypto trades about -0.19 of its potential returns per unit of risk. The Yobit Reddcoin USD is currently generating about -0.1 of returns per unit of risk over similar time horizon. If you would invest 0.72 in Yobit Reddcoin USD on May 24, 2018 and sell it today you would lose (0.16) from holding Yobit Reddcoin USD or give up 22.67% of portfolio value over 30 days.