This module allows you to analyze existing cross correlation between Yobit Ethereum Classic USD and Yobit Universal Currency USD. You can compare the effects of market volatilities on Yobit Ethereum and Yobit Universal 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 Yobit Universal. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit Ethereum and Yobit Universal.
|Time Horizon||30 Days Login to change|
Yobit Ethereum Classic USD vs. Yobit Universal Currency USD
Assuming 30 trading days horizon, Yobit Ethereum Classic USD is expected to generate 0.75 times more return on investment than Yobit Universal. However, Yobit Ethereum Classic USD is 1.33 times less risky than Yobit Universal. It trades about -0.06 of its potential returns per unit of risk. Yobit Universal Currency USD is currently generating about -0.27 per unit of risk. If you would invest 1,761 in Yobit Ethereum Classic USD on May 21, 2018 and sell it today you would lose (199.00) from holding Yobit Ethereum Classic USD or give up 11.3% of portfolio value over 30 days.