This module allows you to analyze existing cross correlation between Yobit Ethereum Classic USD and LiveCoin NEM USD. You can compare the effects of market volatilities on Yobit Ethereum and LiveCoin NEM 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 Ethereum with a short position of LiveCoin NEM. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit Ethereum and LiveCoin NEM.
|Time Horizon||30 Days Login to change|
Yobit Ethereum Classic USD vs. LiveCoin NEM USD
Assuming 30 trading days horizon, Yobit Ethereum Classic USD is expected to generate 1.25 times more return on investment than LiveCoin NEM. However, Yobit Ethereum is 1.25 times more volatile than LiveCoin NEM USD. It trades about 0.09 of its potential returns per unit of risk. LiveCoin NEM USD is currently generating about -0.31 per unit of risk. If you would invest 1,573 in Yobit Ethereum Classic USD on May 22, 2018 and sell it today you would earn a total of 147.00 from holding Yobit Ethereum Classic USD or generate 9.35% return on investment over 30 days.