This module allows you to analyze existing cross correlation between Yobit EthereumScrypt USD and Yobit Bitcloud USD. You can compare the effects of market volatilities on Yobit EthereumScrypt and Yobit Bitcloud 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 EthereumScrypt with a short position of Yobit Bitcloud. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit EthereumScrypt and Yobit Bitcloud.
|Time Horizon||30 Days Login to change|
Yobit EthereumScrypt USD vs. Yobit Bitcloud USD
Assuming 30 trading days horizon, Yobit EthereumScrypt USD is expected to under-perform the Yobit Bitcloud. But the crypto apears to be less risky and, when comparing its historical volatility, Yobit EthereumScrypt USD is 1.6 times less risky than Yobit Bitcloud. The crypto trades about -0.19 of its potential returns per unit of risk. The Yobit Bitcloud USD is currently generating about 0.03 of returns per unit of risk over similar time horizon. If you would invest 2.00 in Yobit Bitcloud USD on May 23, 2018 and sell it today you would lose 0.00 from holding Yobit Bitcloud USD or give up 0.05% of portfolio value over 30 days.