This module allows you to analyze existing cross correlation between Yobit EGOcoin USD and Yobit Rimbit USD. You can compare the effects of market volatilities on Yobit EGOcoin and Yobit Rimbit 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 EGOcoin with a short position of Yobit Rimbit. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit EGOcoin
and Yobit Rimbit
Yobit EGOcoin USD vs Yobit Rimbit USD
Assuming 30 trading days horizon, Yobit EGOcoin is expected to generate 2.14 times less return on investment than Yobit Rimbit. But when comparing it to its historical volatility, Yobit EGOcoin USD is 1.28 times less risky than Yobit Rimbit. It trades about 0.21 of its potential returns per unit of risk. Yobit Rimbit USD is currently generating about 0.36 of returns per unit of risk over similar time horizon. If you would invest 0.03 in Yobit Rimbit USD on December 21, 2017 and sell it today you would earn a total of 1.08 from holding Yobit Rimbit USD or generate 4300.0% return on investment over 30 days.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding Yobit EGOcoin USD and Yobit Rimbit USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit Rimbit USD and Yobit EGOcoin 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 EGOcoin USD are associated (or correlated) with Yobit Rimbit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit Rimbit USD has no effect on the direction of Yobit EGOcoin i.e. Yobit EGOcoin and Yobit Rimbit go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit EGOcoin USD are ranked lower than 14 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Rimbit USD are ranked lower than 23 (%) of all global equities and portfolios over the last 30 days.