This module allows you to analyze existing cross correlation between Yobit ChronosCoin USD and Yobit Gulden USD. You can compare the effects of market volatilities on Yobit ChronosCoin and Yobit Gulden 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 ChronosCoin with a short position of Yobit Gulden. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit ChronosCoin
and Yobit Gulden
Yobit ChronosCoin USD vs Yobit Gulden USD
Assuming 30 trading days horizon, Yobit ChronosCoin USD is expected to generate 1.23 times more return on investment than Yobit Gulden. However, Yobit ChronosCoin is 1.23 times more volatile than Yobit Gulden USD. It trades about 0.11 of its potential returns per unit of risk. Yobit Gulden USD is currently generating about 0.08 per unit of risk. If you would invest 0.30 in Yobit ChronosCoin USD on February 15, 2018 and sell it today you would lose (0.15) from holding Yobit ChronosCoin USD or give up 49.65% of portfolio value over 30 days.
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Overlapping area represents the amount of risk that can be diversified away by holding Yobit ChronosCoin USD and Yobit Gulden USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit Gulden USD and Yobit ChronosCoin 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 ChronosCoin USD are associated (or correlated) with Yobit Gulden. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit Gulden USD has no effect on the direction of Yobit ChronosCoin i.e. Yobit ChronosCoin and Yobit Gulden go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit ChronosCoin USD are ranked lower than 7 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Gulden USD are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days.