This module allows you to analyze existing cross correlation between Yobit Bitshares USD and Yobit Gamecredits USD. You can compare the effects of market volatilities on Yobit Bitshares and Yobit Gamecredits 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 Bitshares with a short position of Yobit Gamecredits. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit Bitshares and Yobit Gamecredits.
Assuming 30 trading days horizon, Yobit Bitshares USD is expected to generate 2.76 times more return on investment than Yobit Gamecredits. However, Yobit Bitshares is 2.76 times more volatile than Yobit Gamecredits USD. It trades about 0.19 of its potential returns per unit of risk. Yobit Gamecredits USD is currently generating about 0.05 per unit of risk. If you would invest 12.00 in Yobit Bitshares USD on April 20, 2018 and sell it today you would earn a total of 25.32 from holding Yobit Bitshares USD or generate 211.0% return on investment over 30 days.
Pair Corralation between Yobit Bitshares and Yobit Gamecredits
Overlapping area represents the amount of risk that can be diversified away by holding Yobit Bitshares USD and Yobit Gamecredits USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit Gamecredits USD and Yobit Bitshares 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 Bitshares USD are associated (or correlated) with Yobit Gamecredits. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit Gamecredits USD has no effect on the direction of Yobit Bitshares i.e. Yobit Bitshares and Yobit Gamecredits go up and down completely randomly.
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