This module allows you to analyze existing cross correlation between Yobit Aircoin USD and Yobit MaxCoin USD. You can compare the effects of market volatilities on Yobit Aircoin and Yobit MaxCoin 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 Aircoin with a short position of Yobit MaxCoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit Aircoin
and Yobit MaxCoin
Yobit Aircoin USD vs Yobit MaxCoin USD
Assuming 30 trading days horizon, Yobit Aircoin is expected to generate 1.19 times less return on investment than Yobit MaxCoin. In addition to that, Yobit Aircoin is 1.22 times more volatile than Yobit MaxCoin USD. It trades about 0.16 of its total potential returns per unit of risk. Yobit MaxCoin USD is currently generating about 0.23 per unit of volatility. If you would invest 0.85 in Yobit MaxCoin USD on November 16, 2017 and sell it today you would earn a total of 1.05 from holding Yobit MaxCoin USD or generate 123.53% return on investment over 30 days.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding Yobit Aircoin USD and Yobit MaxCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit MaxCoin USD and Yobit Aircoin 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 Aircoin USD are associated (or correlated) with Yobit MaxCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit MaxCoin USD has no effect on the direction of Yobit Aircoin i.e. Yobit Aircoin and Yobit MaxCoin go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Aircoin USD are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit MaxCoin USD are ranked lower than 15 (%) of all global equities and portfolios over the last 30 days.