This module allows you to analyze existing cross correlation between Yobit DebitCoin USD and Yobit BitBean USD. You can compare the effects of market volatilities on Yobit DebitCoin and Yobit BitBean 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 DebitCoin with a short position of Yobit BitBean. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit DebitCoin
and Yobit BitBean
Yobit DebitCoin USD vs Yobit BitBean USD
Assuming 30 trading days horizon, Yobit DebitCoin is expected to generate 1.76 times less return on investment than Yobit BitBean. In addition to that, Yobit DebitCoin is 1.05 times more volatile than Yobit BitBean USD. It trades about 0.2 of its total potential returns per unit of risk. Yobit BitBean USD is currently generating about 0.36 per unit of volatility. If you would invest 0.11 in Yobit BitBean USD on November 13, 2017 and sell it today you would earn a total of 0.77 from holding Yobit BitBean USD or generate 685.15% 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 DebitCoin USD and Yobit BitBean USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit BitBean USD and Yobit DebitCoin 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 DebitCoin USD are associated (or correlated) with Yobit BitBean. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit BitBean USD has no effect on the direction of Yobit DebitCoin i.e. Yobit DebitCoin and Yobit BitBean go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit DebitCoin USD are ranked lower than 12 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit BitBean USD are ranked lower than 23 (%) of all global equities and portfolios over the last 30 days.