This module allows you to analyze existing cross correlation between Yobit BitCrystal USD and Yobit LiviaCoin USD. You can compare the effects of market volatilities on Yobit BitCrystal and Yobit LiviaCoin 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 Yobit LiviaCoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit BitCrystal
and Yobit LiviaCoin
Yobit BitCrystal USD vs Yobit LiviaCoin USD
Assuming 30 trading days horizon, Yobit BitCrystal is expected to generate 3.41 times less return on investment than Yobit LiviaCoin. But when comparing it to its historical volatility, Yobit BitCrystal USD is 2.7 times less risky than Yobit LiviaCoin. It trades about 0.19 of its potential returns per unit of risk. Yobit LiviaCoin USD is currently generating about 0.24 of returns per unit of risk over similar time horizon. If you would invest 0.00 in Yobit LiviaCoin USD on November 17, 2017 and sell it today you would earn a total of 0.02 from holding Yobit LiviaCoin USD or generate 7700.0% 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 BitCrystal USD and Yobit LiviaCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit LiviaCoin 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 Yobit LiviaCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit LiviaCoin USD has no effect on the direction of Yobit BitCrystal i.e. Yobit BitCrystal and Yobit LiviaCoin 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 12 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit LiviaCoin USD are ranked lower than 15 (%) of all global equities and portfolios over the last 30 days.