This module allows you to analyze existing cross correlation between Yobit Bitcoin USD and Bitfinex Bitcoin USD. You can compare the effects of market volatilities on Yobit Bitcoin and Bitfinex Bitcoin 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 Bitcoin with a short position of Bitfinex Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit Bitcoin and Bitfinex Bitcoin.
|Time Horizon||30 Days Login to change|
Yobit Bitcoin USD vs. Bitfinex Bitcoin USD
Assuming 30 trading days horizon, Yobit Bitcoin USD is expected to under-perform the Bitfinex Bitcoin. But the crypto apears to be less risky and, when comparing its historical volatility, Yobit Bitcoin USD is 1.21 times less risky than Bitfinex Bitcoin. The crypto trades about -0.29 of its potential returns per unit of risk. The Bitfinex Bitcoin USD is currently generating about -0.2 of returns per unit of risk over similar time horizon. If you would invest 837,630 in Bitfinex Bitcoin USD on May 20, 2018 and sell it today you would lose (168,333) from holding Bitfinex Bitcoin USD or give up 20.1% of portfolio value over 30 days.