Yobit Ethereum Classic USD vs. Coinroom ZCoin USD
Assuming 30 trading days horizon, Yobit Ethereum Classic USD is expected to generate 0.56 times more return on investment than Coinroom ZCoin. However, Yobit Ethereum Classic USD is 1.79 times less risky than Coinroom ZCoin. It trades about 0.07 of its potential returns per unit of risk. Coinroom ZCoin USD is currently generating about -0.16 per unit of risk. If you would invest 1,612 in Yobit Ethereum Classic USD on May 23, 2018 and sell it today you would earn a total of 108.00 from holding Yobit Ethereum Classic USD or generate 6.7% return on investment over 30 days.
Pair Corralation between Yobit Ethereum and Coinroom ZCoin
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding Yobit Ethereum Classic USD and Coinroom ZCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Coinroom ZCoin USD and Yobit Ethereum 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 Ethereum Classic USD are associated (or correlated) with Coinroom ZCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Coinroom ZCoin USD has no effect on the direction of Yobit Ethereum i.e. Yobit Ethereum and Coinroom ZCoin go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Ethereum Classic USD are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days.
Over the last 30 days Coinroom ZCoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
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