This module allows you to analyze existing cross correlation between Yobit Bitcloud USD and HitBTC Bancor Network Token USD. You can compare the effects of market volatilities on Yobit Bitcloud and HitBTC Bancor 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 HitBTC Bancor. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit Bitcloud and HitBTC Bancor.
Yobit Bitcloud USD vs. HitBTC Bancor Network Token US
Bitcloud on Yobit in USD
Market Cap: 0
Bancor Network Token on HitBTC in USD
Market Cap: 1.4 M
Assuming 30 trading days horizon, Yobit Bitcloud USD is expected to under-perform the HitBTC Bancor. In addition to that, Yobit Bitcloud is 2.4 times more volatile than HitBTC Bancor Network Token USD. It trades about 0.0 of its total potential returns per unit of risk. HitBTC Bancor Network Token USD is currently generating about 0.16 per unit of volatility. If you would invest 387.00 in HitBTC Bancor Network Token USD on April 20, 2018 and sell it today you would earn a total of 93.00 from holding HitBTC Bancor Network Token USD or generate 24.03% return on investment over 30 days.
Pair Corralation between Yobit Bitcloud and HitBTC Bancor
Overlapping area represents the amount of risk that can be diversified away by holding Yobit Bitcloud USD and HitBTC Bancor Network Token US in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on HitBTC Bancor Network 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 HitBTC Bancor. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of HitBTC Bancor Network has no effect on the direction of Yobit Bitcloud i.e. Yobit Bitcloud and HitBTC Bancor go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in HitBTC Bancor Network Token USD are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days.
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