This module allows you to analyze existing cross correlation between Yobit eMark USD and Yobit Cerium USD. You can compare the effects of market volatilities on Yobit eMark and Yobit Cerium 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 Cerium. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit eMark
and Yobit Cerium
Yobit eMark USD vs Yobit Cerium USD
Assuming 30 trading days horizon, Yobit eMark is expected to generate 2.43 times less return on investment than Yobit Cerium. But when comparing it to its historical volatility, Yobit eMark USD is 2.69 times less risky than Yobit Cerium. It trades about 0.26 of its potential returns per unit of risk. Yobit Cerium USD is currently generating about 0.23 of returns per unit of risk over similar time horizon. If you would invest 0.00 in Yobit Cerium USD on December 17, 2017 and sell it today you would earn a total of 2.54 from holding Yobit Cerium USD or generate 9.223372036854776E16% return on investment 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 Cerium USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit Cerium 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 Cerium. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit Cerium USD has no effect on the direction of Yobit eMark i.e. Yobit eMark and Yobit Cerium 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 Cerium USD are ranked lower than 15 (%) of all global equities and portfolios over the last 30 days.