This module allows you to analyze existing cross correlation between Yobit BitCurrency USD and Yobit StartCoin USD. You can compare the effects of market volatilities on Yobit BitCurrency and Yobit StartCoin 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 Yobit StartCoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit BitCurrency
and Yobit StartCoin
Yobit BitCurrency USD vs Yobit StartCoin USD
Assuming 30 trading days horizon, Yobit BitCurrency USD is expected to generate 1.37 times more return on investment than Yobit StartCoin. However, Yobit BitCurrency is 1.37 times more volatile than Yobit StartCoin USD. It trades about 0.17 of its potential returns per unit of risk. Yobit StartCoin USD is currently generating about 0.07 per unit of risk. If you would invest 0.35 in Yobit BitCurrency USD on February 16, 2018 and sell it today you would earn a total of 0.05 from holding Yobit BitCurrency USD or generate 14.29% 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 BitCurrency USD and Yobit StartCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit StartCoin 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 Yobit StartCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit StartCoin USD has no effect on the direction of Yobit BitCurrency i.e. Yobit BitCurrency and Yobit StartCoin 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 10 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit StartCoin USD are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days.