This module allows you to analyze existing cross correlation between Yobit B3 Coin USD and LiveCoin BlueCoin USD. You can compare the effects of market volatilities on Yobit B3 and LiveCoin BlueCoin 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 B3 with a short position of LiveCoin BlueCoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit B3
and LiveCoin BlueCoin
Yobit B3 Coin USD vs LiveCoin BlueCoin USD
Assuming 30 trading days horizon, Yobit B3 is expected to generate 5.08 times less return on investment than LiveCoin BlueCoin. In addition to that, Yobit B3 is 1.03 times more volatile than LiveCoin BlueCoin USD. It trades about 0.06 of its total potential returns per unit of risk. LiveCoin BlueCoin USD is currently generating about 0.29 per unit of volatility. If you would invest 0.31 in LiveCoin BlueCoin USD on November 16, 2017 and sell it today you would earn a total of 1.14 from holding LiveCoin BlueCoin USD or generate 364.74% return on investment over 30 days.
|Time Period||1 Month [change]|
Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Yobit B3 Coin USD and LiveCoin BlueCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin BlueCoin USD and Yobit B3 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 B3 Coin USD are associated (or correlated) with LiveCoin BlueCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin BlueCoin USD has no effect on the direction of Yobit B3 i.e. Yobit B3 and LiveCoin BlueCoin go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit B3 Coin USD are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin BlueCoin USD are ranked lower than 19 (%) of all global equities and portfolios over the last 30 days.