This module allows you to analyze existing cross correlation between Yobit BitCrystal USD and CCEX BlakeCoin USD. You can compare the effects of market volatilities on Yobit BitCrystal and CCEX BlakeCoin 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 BitCrystal with a short position of CCEX BlakeCoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit BitCrystal
and CCEX BlakeCoin
Yobit BitCrystal USD vs CCEX BlakeCoin USD
Assuming 30 trading days horizon, Yobit BitCrystal is expected to generate 1.66 times less return on investment than CCEX BlakeCoin. But when comparing it to its historical volatility, Yobit BitCrystal USD is 1.97 times less risky than CCEX BlakeCoin. It trades about 0.21 of its potential returns per unit of risk. CCEX BlakeCoin USD is currently generating about 0.17 of returns per unit of risk over similar time horizon. If you would invest 20 in CCEX BlakeCoin USD on November 16, 2017 and sell it today you would lose (1.79) from holding CCEX BlakeCoin USD or give up 8.95% of portfolio value over 30 days.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding Yobit BitCrystal USD and CCEX BlakeCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on CCEX BlakeCoin USD and Yobit BitCrystal 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 BitCrystal USD are associated (or correlated) with CCEX BlakeCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CCEX BlakeCoin USD has no effect on the direction of Yobit BitCrystal i.e. Yobit BitCrystal and CCEX BlakeCoin go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit BitCrystal USD are ranked lower than 13 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in CCEX BlakeCoin USD are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days.