This module allows you to analyze existing cross correlation between Yobit Bitcloud USD and Yobit CannabisCoin USD. You can compare the effects of market volatilities on Yobit Bitcloud and Yobit CannabisCoin 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 Yobit CannabisCoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit Bitcloud and Yobit CannabisCoin.
|Time Horizon||30 Days Login to change|
Yobit Bitcloud USD vs. Yobit CannabisCoin USD
Assuming 30 trading days horizon, Yobit Bitcloud is expected to generate 18.91 times less return on investment than Yobit CannabisCoin. But when comparing it to its historical volatility, Yobit Bitcloud USD is 4.92 times less risky than Yobit CannabisCoin. It trades about 0.03 of its potential returns per unit of risk. Yobit CannabisCoin USD is currently generating about 0.11 of returns per unit of risk over similar time horizon. If you would invest 3.50 in Yobit CannabisCoin USD on May 22, 2018 and sell it today you would lose (0.20) from holding Yobit CannabisCoin USD or give up 5.71% of portfolio value over 30 days.