This module allows you to analyze existing cross correlation between Yobit eMark USD and Yobit PandaCoin USD. You can compare the effects of market volatilities on Yobit eMark and Yobit PandaCoin 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 eMark with a short position of Yobit PandaCoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit eMark
and Yobit PandaCoin
Yobit eMark USD vs Yobit PandaCoin USD
Assuming 30 trading days horizon, Yobit eMark USD is expected to generate 0.92 times more return on investment than Yobit PandaCoin. However, Yobit eMark USD is 1.08 times less risky than Yobit PandaCoin. It trades about 0.27 of its potential returns per unit of risk. Yobit PandaCoin USD is currently generating about 0.24 per unit of risk. If you would invest 8.3 in Yobit eMark USD on December 19, 2017 and sell it today you would earn a total of 1.7 from holding Yobit eMark USD or generate 20.48% return on investment over 30 days.
|Time Period||1 Month [change]|
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding Yobit eMark USD and Yobit PandaCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit PandaCoin USD and Yobit eMark 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 eMark USD are associated (or correlated) with Yobit PandaCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit PandaCoin USD has no effect on the direction of Yobit eMark i.e. Yobit eMark and Yobit PandaCoin go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit eMark USD are ranked lower than 17 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit PandaCoin USD are ranked lower than 16 (%) of all global equities and portfolios over the last 30 days.