This module allows you to analyze existing cross correlation between Yobit CannabisCoin USD and CCEX AdvancedInternetBlock USD. You can compare the effects of market volatilities on Yobit CannabisCoin and CCEX AdvancedInternet 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 CannabisCoin with a short position of CCEX AdvancedInternet. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit CannabisCoin
and CCEX AdvancedInternet
Yobit CannabisCoin USD vs CCEX AdvancedInternetBlock USD
If you would invest 6.20 in Yobit CannabisCoin USD on February 21, 2018 and sell it today you would lose (2.05) from holding Yobit CannabisCoin USD or give up 33.06% of portfolio value over 30 days.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding Yobit CannabisCoin USD and CCEX AdvancedInternetBlock USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on CCEX AdvancedInternet and Yobit CannabisCoin 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 CannabisCoin USD are associated (or correlated) with CCEX AdvancedInternet. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CCEX AdvancedInternet has no effect on the direction of Yobit CannabisCoin i.e. Yobit CannabisCoin and CCEX AdvancedInternet go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit CannabisCoin USD are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days.