This module allows you to analyze existing cross correlation between Yobit eMark USD and Yobit Rise USD. You can compare the effects of market volatilities on Yobit eMark and Yobit Rise 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 Rise. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit eMark
and Yobit Rise
Yobit eMark USD vs Yobit Rise USD
Assuming 30 trading days horizon, Yobit eMark USD is expected to generate 2.31 times more return on investment than Yobit Rise. However, Yobit eMark is 2.31 times more volatile than Yobit Rise USD. It trades about 0.23 of its potential returns per unit of risk. Yobit Rise USD is currently generating about 0.15 per unit of risk. If you would invest 8.46 in Yobit eMark USD on December 22, 2017 and sell it today you would lose (2.65) from holding Yobit eMark USD or give up 31.4% 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 eMark USD and Yobit Rise USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit Rise 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 Rise. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit Rise USD has no effect on the direction of Yobit eMark i.e. Yobit eMark and Yobit Rise 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 15 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Rise USD are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days.