This module allows you to analyze existing cross correlation between Yobit Bitcloud USD and Cexio Stellar USD. You can compare the effects of market volatilities on Yobit Bitcloud and Cexio Stellar 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 Bitcloud with a short position of Cexio Stellar. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit Bitcloud
and Cexio Stellar
Yobit Bitcloud USD vs Cexio Stellar USD
Assuming 30 trading days horizon, Yobit Bitcloud is expected to generate 6.33 times less return on investment than Cexio Stellar. But when comparing it to its historical volatility, Yobit Bitcloud USD is 4.49 times less risky than Cexio Stellar. It trades about 0.13 of its potential returns per unit of risk. Cexio Stellar USD is currently generating about 0.18 of returns per unit of risk over similar time horizon. If you would invest 0.00 in Cexio Stellar USD on February 19, 2018 and sell it today you would earn a total of 27.25 from holding Cexio Stellar USD or generate 9.223372036854776E16% 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 Bitcloud USD and Cexio Stellar USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Cexio Stellar USD and Yobit Bitcloud 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 Bitcloud USD are associated (or correlated) with Cexio Stellar. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cexio Stellar USD has no effect on the direction of Yobit Bitcloud i.e. Yobit Bitcloud and Cexio Stellar go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Bitcloud USD are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Cexio Stellar USD are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days.