This module allows you to analyze existing cross correlation between Yobit B3 Coin USD and Yobit Positron USD. You can compare the effects of market volatilities on Yobit B3 and Yobit Positron 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 Yobit Positron. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit B3
and Yobit Positron
Yobit B3 Coin USD vs Yobit Positron USD
Assuming 30 trading days horizon, Yobit B3 is expected to generate 1.38 times less return on investment than Yobit Positron. But when comparing it to its historical volatility, Yobit B3 Coin USD is 1.48 times less risky than Yobit Positron. It trades about 0.25 of its potential returns per unit of risk. Yobit Positron USD is currently generating about 0.23 of returns per unit of risk over similar time horizon. If you would invest 100 in Yobit Positron USD on December 22, 2017 and sell it today you would earn a total of 1,710 from holding Yobit Positron USD or generate 1710.0% 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 B3 Coin USD and Yobit Positron USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit Positron 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 Yobit Positron. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit Positron USD has no effect on the direction of Yobit B3 i.e. Yobit B3 and Yobit Positron 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 16 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Positron USD are ranked lower than 15 (%) of all global equities and portfolios over the last 30 days.