This module allows you to analyze existing cross correlation between Yobit BitBean USD and CCEX Anarchists Prime USD. You can compare the effects of market volatilities on Yobit BitBean and CCEX Anarchists 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 BitBean with a short position of CCEX Anarchists. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit BitBean
and CCEX Anarchists
Yobit BitBean USD vs CCEX Anarchists Prime USD
Assuming 30 trading days horizon, Yobit BitBean USD is expected to generate 2.1 times more return on investment than CCEX Anarchists. However, Yobit BitBean is 2.1 times more volatile than CCEX Anarchists Prime USD. It trades about 0.32 of its potential returns per unit of risk. CCEX Anarchists Prime USD is currently generating about 0.27 per unit of risk. If you would invest 0.21 in Yobit BitBean USD on November 17, 2017 and sell it today you would earn a total of 0.69 from holding Yobit BitBean USD or generate 321.82% 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 BitBean USD and CCEX Anarchists Prime USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on CCEX Anarchists Prime and Yobit BitBean 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 BitBean USD are associated (or correlated) with CCEX Anarchists. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CCEX Anarchists Prime has no effect on the direction of Yobit BitBean i.e. Yobit BitBean and CCEX Anarchists go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit BitBean USD are ranked lower than 21 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in CCEX Anarchists Prime USD are ranked lower than 17 (%) of all global equities and portfolios over the last 30 days.