This module allows you to analyze existing cross correlation between Yobit Aircoin USD and Yobit StartCoin USD. You can compare the effects of market volatilities on Yobit Aircoin and Yobit StartCoin 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 StartCoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit Aircoin
and Yobit StartCoin
Yobit Aircoin USD vs Yobit StartCoin USD
Assuming 30 trading days horizon, Yobit Aircoin is expected to generate 1.17 times less return on investment than Yobit StartCoin. In addition to that, Yobit Aircoin is 1.41 times more volatile than Yobit StartCoin USD. It trades about 0.16 of its total potential returns per unit of risk. Yobit StartCoin USD is currently generating about 0.26 per unit of volatility. If you would invest 3.74 in Yobit StartCoin USD on November 12, 2017 and sell it today you would earn a total of 23.26 from holding Yobit StartCoin USD or generate 622.31% 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 StartCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit StartCoin 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 StartCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit StartCoin USD has no effect on the direction of Yobit Aircoin i.e. Yobit Aircoin and Yobit StartCoin 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 StartCoin USD are ranked lower than 16 (%) of all global equities and portfolios over the last 30 days.