Correlation Analysis Between Yobit BitalphaCoin and Bitfinex NEO

This module allows you to analyze existing cross correlation between Yobit BitalphaCoin USD and Bitfinex NEO USD. You can compare the effects of market volatilities on Yobit BitalphaCoin and Bitfinex NEO 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 BitalphaCoin with a short position of Bitfinex NEO. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit BitalphaCoin and Bitfinex NEO.
Horizon     30 Days    Login   to change
Symbolsvs

Yobit BitalphaCoin USD  vs.  Bitfinex NEO USD

Yobit

BitalphaCoin on Yobit in USD

 0.002 
0.00  0.00%
Market Cap: 2.0
  

Bitfinex

NEO on Bitfinex in USD

 13.33 
0.00  0.00%
Market Cap: 59.7 M
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.20  in Yobit BitalphaCoin USD on October 16, 2018 and sell it today you would earn a total of  0.00  from holding Yobit BitalphaCoin USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Yobit BitalphaCoin and Bitfinex NEO

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy10.0%
ValuesDaily Returns

Diversification

Yobit BitalphaCoin USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Yobit BitalphaCoin USD and Bitfinex NEO USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bitfinex NEO USD and Yobit BitalphaCoin 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 BitalphaCoin USD are associated (or correlated) with Bitfinex NEO. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitfinex NEO USD has no effect on the direction of Yobit BitalphaCoin i.e. Yobit BitalphaCoin and Bitfinex NEO go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
      Returns 
Yobit BitalphaCoin USD  
0 

Risk-Adjusted Performance

Over the last 30 days Yobit BitalphaCoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Bitfinex NEO USD  
0 

Risk-Adjusted Performance

Over the last 30 days Bitfinex NEO USD has generated negative risk-adjusted returns adding no value to investors with long positions.

My Equities

My Current Equities and Potential Positions

View AllNext
GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1038.63

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Headlines Timeline module to stay connected to all market stories and filter out noise. drill down to analyze hype elasticity.


 
Search macroaxis.com