This module allows you to analyze existing cross correlation between Yobit BitCurrency USD and LiveCoin TrustCoin USD. You can compare the effects of market volatilities on Yobit BitCurrency and LiveCoin TrustCoin 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 BitCurrency with a short position of LiveCoin TrustCoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit BitCurrency
and LiveCoin TrustCoin
Yobit BitCurrency USD vs LiveCoin TrustCoin USD
Assuming 30 trading days horizon, Yobit BitCurrency USD is expected to generate 12.95 times more return on investment than LiveCoin TrustCoin. However, Yobit BitCurrency is 12.95 times more volatile than LiveCoin TrustCoin USD. It trades about 0.31 of its potential returns per unit of risk. LiveCoin TrustCoin USD is currently generating about 0.21 per unit of risk. If you would invest 0.01 in Yobit BitCurrency USD on November 14, 2017 and sell it today you would earn a total of 0.71 from holding Yobit BitCurrency USD or generate 7067.0% return on investment over 30 days.
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Overlapping area represents the amount of risk that can be diversified away by holding Yobit BitCurrency USD and LiveCoin TrustCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin TrustCoin USD and Yobit BitCurrency 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 BitCurrency USD are associated (or correlated) with LiveCoin TrustCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin TrustCoin USD has no effect on the direction of Yobit BitCurrency i.e. Yobit BitCurrency and LiveCoin TrustCoin go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit BitCurrency USD are ranked lower than 20 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin TrustCoin USD are ranked lower than 14 (%) of all global equities and portfolios over the last 30 days.