This module allows you to analyze existing cross correlation between Yobit EthereumScrypt USD and Yobit Ethereum Classic USD. You can compare the effects of market volatilities on Yobit EthereumScrypt and Yobit Ethereum 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 Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit EthereumScrypt and Yobit Ethereum.
|Time Horizon||30 Days Login to change|
Yobit EthereumScrypt USD vs. Yobit Ethereum Classic USD
Assuming 30 trading days horizon, Yobit EthereumScrypt USD is expected to under-perform the Yobit Ethereum. But the crypto apears to be less risky and, when comparing its historical volatility, Yobit EthereumScrypt USD is 1.24 times less risky than Yobit Ethereum. The crypto trades about -0.19 of its potential returns per unit of risk. The Yobit Ethereum Classic USD is currently generating about 0.09 of returns per unit of risk over similar time horizon. 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 152.00 from holding Yobit Ethereum Classic USD or generate 9.66% return on investment over 30 days.