This module allows you to analyze existing cross correlation between Yobit DebitCoin USD and Yobit SkullBuzz USD. You can compare the effects of market volatilities on Yobit DebitCoin and Yobit SkullBuzz 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 SkullBuzz. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit DebitCoin and Yobit SkullBuzz.
Assuming 30 trading days horizon, Yobit DebitCoin is expected to generate 1.23 times less return on investment than Yobit SkullBuzz. In addition to that, Yobit DebitCoin is 1.27 times more volatile than Yobit SkullBuzz USD. It trades about 0.07 of its total potential returns per unit of risk. Yobit SkullBuzz USD is currently generating about 0.11 per unit of volatility. If you would invest 2.65 in Yobit SkullBuzz USD on April 21, 2018 and sell it today you would earn a total of 0.05 from holding Yobit SkullBuzz USD or generate 1.92% return on investment over 30 days.
Pair Corralation between Yobit DebitCoin and Yobit SkullBuzz
Overlapping area represents the amount of risk that can be diversified away by holding Yobit DebitCoin USD and Yobit SkullBuzz USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit SkullBuzz 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 SkullBuzz. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit SkullBuzz USD has no effect on the direction of Yobit DebitCoin i.e. Yobit DebitCoin and Yobit SkullBuzz go up and down completely randomly.
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.