This module allows you to analyze existing cross correlation between Yobit BiosCrypto USD and Yobit Creva Coin USD. You can compare the effects of market volatilities on Yobit BiosCrypto and Yobit Creva 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 BiosCrypto with a short position of Yobit Creva. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit BiosCrypto
and Yobit Creva
Yobit BiosCrypto USD vs Yobit Creva Coin USD
Assuming 30 trading days horizon, Yobit BiosCrypto USD is expected to generate 4.1026259723925E12 times more return on investment than Yobit Creva. However, Yobit BiosCrypto is 4.1026259723925E12 times more volatile than Yobit Creva Coin USD. It trades about 0.18 of its potential returns per unit of risk. Yobit Creva Coin USD is currently generating about 0.11 per unit of risk. If you would invest 0.00 in Yobit BiosCrypto USD on November 14, 2017 and sell it today you would earn a total of 0.98 from holding Yobit BiosCrypto USD or generate 9.223372036854776E16% 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 BiosCrypto USD and Yobit Creva Coin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit Creva Coin and Yobit BiosCrypto 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 BiosCrypto USD are associated (or correlated) with Yobit Creva. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit Creva Coin has no effect on the direction of Yobit BiosCrypto i.e. Yobit BiosCrypto and Yobit Creva go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit BiosCrypto USD are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Creva Coin USD are ranked lower than 7 (%) of all global equities and portfolios over the last 30 days.