This module allows you to analyze existing cross correlation between Yobit CludCoin USD and CCEX BitZeny USD. You can compare the effects of market volatilities on Yobit CludCoin and CCEX BitZeny 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 CludCoin with a short position of CCEX BitZeny. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit CludCoin
and CCEX BitZeny
Yobit CludCoin USD vs CCEX BitZeny USD
Assuming 30 trading days horizon, Yobit CludCoin USD is expected to generate 7.0895269675145E11 times more return on investment than CCEX BitZeny. However, Yobit CludCoin is 7.0895269675145E11 times more volatile than CCEX BitZeny USD. It trades about 0.18 of its potential returns per unit of risk. CCEX BitZeny USD is currently generating about 0.24 per unit of risk. If you would invest 0.00 in Yobit CludCoin USD on November 13, 2017 and sell it today you would earn a total of 0.02 from holding Yobit CludCoin USD or generate 9.223372036854776E16% return on investment over 30 days.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding Yobit CludCoin USD and CCEX BitZeny USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on CCEX BitZeny USD and Yobit CludCoin 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 CludCoin USD are associated (or correlated) with CCEX BitZeny. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CCEX BitZeny USD has no effect on the direction of Yobit CludCoin i.e. Yobit CludCoin and CCEX BitZeny go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit CludCoin USD are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in CCEX BitZeny USD are ranked lower than 15 (%) of all global equities and portfolios over the last 30 days.