This module allows you to analyze existing cross correlation between Yobit 2BACCO Coin USD and Yobit Invictus USD. You can compare the effects of market volatilities on Yobit 2BACCO and Yobit Invictus 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 Yobit 2BACCO with a short position of Yobit Invictus. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit 2BACCO
and Yobit Invictus
Yobit 2BACCO Coin USD vs Yobit Invictus USD
Assuming 30 trading days horizon, Yobit 2BACCO is expected to generate 1.03 times less return on investment than Yobit Invictus. But when comparing it to its historical volatility, Yobit 2BACCO Coin USD is 1.02 times less risky than Yobit Invictus. It trades about 0.18 of its potential returns per unit of risk. Yobit Invictus USD is currently generating about 0.18 of returns per unit of risk over similar time horizon. If you would invest 0.00 in Yobit Invictus USD on November 12, 2017 and sell it today you would earn a total of 0.03 from holding Yobit Invictus USD or generate 9.223372036854776E16% return on investment over 30 days.
|Time Period||1 Month [change]|
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding Yobit 2BACCO Coin USD and Yobit Invictus USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit Invictus USD and Yobit 2BACCO 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 Yobit 2BACCO Coin USD are associated (or correlated) with Yobit Invictus. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit Invictus USD has no effect on the direction of Yobit 2BACCO i.e. Yobit 2BACCO and Yobit Invictus go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit 2BACCO Coin USD are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Invictus USD are ranked lower than 12 (%) of all global equities and portfolios over the last 30 days.