This module allows you to analyze existing cross correlation between Yobit Bitcloud USD and Yobit Iconic USD. You can compare the effects of market volatilities on Yobit Bitcloud and Yobit Iconic 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 Iconic. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit Bitcloud and Yobit Iconic.
|Time Horizon||30 Days Login to change|
Yobit Bitcloud USD vs. Yobit Iconic USD
Assuming 30 trading days horizon, Yobit Bitcloud is expected to generate 13.14 times less return on investment than Yobit Iconic. But when comparing it to its historical volatility, Yobit Bitcloud USD is 4.35 times less risky than Yobit Iconic. It trades about 0.03 of its potential returns per unit of risk. Yobit Iconic USD is currently generating about 0.08 of returns per unit of risk over similar time horizon. If you would invest 5.85 in Yobit Iconic USD on May 24, 2018 and sell it today you would lose (1.25) from holding Yobit Iconic USD or give up 21.41% of portfolio value over 30 days.