This module allows you to analyze existing cross correlation between Yobit Dogecoin USD and Yobit CannabisCoin USD. You can compare the effects of market volatilities on Yobit Dogecoin and Yobit CannabisCoin 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 Dogecoin with a short position of Yobit CannabisCoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit Dogecoin and Yobit CannabisCoin.
|Time Horizon||30 Days Login to change|
Yobit Dogecoin USD vs. Yobit CannabisCoin USD
Assuming 30 trading days horizon, Yobit Dogecoin USD is expected to under-perform the Yobit CannabisCoin. But the crypto apears to be less risky and, when comparing its historical volatility, Yobit Dogecoin USD is 6.77 times less risky than Yobit CannabisCoin. The crypto trades about -0.2 of its potential returns per unit of risk. The Yobit CannabisCoin USD is currently generating about 0.08 of returns per unit of risk over similar time horizon. If you would invest 4.22 in Yobit CannabisCoin USD on May 21, 2018 and sell it today you would lose (0.92) from holding Yobit CannabisCoin USD or give up 21.75% of portfolio value over 30 days.