This module allows you to analyze existing cross correlation between Yobit Creva Coin USD and Cexio Ethereum USD. You can compare the effects of market volatilities on Yobit Creva and Cexio Ethereum 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 Creva with a short position of Cexio Ethereum. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit Creva
and Cexio Ethereum
Yobit Creva Coin USD vs Cexio Ethereum USD
Assuming 30 trading days horizon, Yobit Creva Coin USD is expected to generate 6.58 times more return on investment than Cexio Ethereum. However, Yobit Creva is 6.58 times more volatile than Cexio Ethereum USD. It trades about 0.12 of its potential returns per unit of risk. Cexio Ethereum USD is currently generating about 0.47 per unit of risk. If you would invest 0.1 in Yobit Creva Coin USD on November 16, 2017 and sell it today you would lose (0.04) from holding Yobit Creva Coin USD or give up 41.52% of portfolio value over 30 days.
|Time Period||1 Month [change]|
Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Yobit Creva Coin USD and Cexio Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Cexio Ethereum USD and Yobit Creva 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 Creva Coin USD are associated (or correlated) with Cexio Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cexio Ethereum USD has no effect on the direction of Yobit Creva i.e. Yobit Creva and Cexio Ethereum go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Creva Coin USD are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Cexio Ethereum USD are ranked lower than 30 (%) of all global equities and portfolios over the last 30 days.