This module allows you to analyze existing cross correlation between Yobit Bitcloud USD and LiveCoin E-Dinar Coin USD. You can compare the effects of market volatilities on Yobit Bitcloud and LiveCoin E-Dinar 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 LiveCoin E-Dinar. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit Bitcloud and LiveCoin E-Dinar.
Assuming 30 trading days horizon, Yobit Bitcloud USD is expected to under-perform the LiveCoin E-Dinar. In addition to that, Yobit Bitcloud is 1.83 times more volatile than LiveCoin E-Dinar Coin USD. It trades about -0.17 of its total potential returns per unit of risk. LiveCoin E-Dinar Coin USD is currently generating about -0.24 per unit of volatility. If you would invest 2.01 in LiveCoin E-Dinar Coin USD on April 23, 2018 and sell it today you would lose (0.67) from holding LiveCoin E-Dinar Coin USD or give up 33.13% of portfolio value over 30 days.
Pair Corralation between Yobit Bitcloud and LiveCoin E-Dinar
Overlapping area represents the amount of risk that can be diversified away by holding Yobit Bitcloud USD and LiveCoin E-Dinar Coin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin E-Dinar Coin 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 LiveCoin E-Dinar. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin E-Dinar Coin has no effect on the direction of Yobit Bitcloud i.e. Yobit Bitcloud and LiveCoin E-Dinar go up and down completely randomly.
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