This module allows you to analyze existing cross correlation between Yobit FistBump USD and Yobit ReturnBit USD. You can compare the effects of market volatilities on Yobit FistBump and Yobit ReturnBit 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 FistBump with a short position of Yobit ReturnBit. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit FistBump
and Yobit ReturnBit
Yobit FistBump USD vs Yobit ReturnBit USD
Assuming 30 trading days horizon, Yobit FistBump USD is expected to generate 1.34 times more return on investment than Yobit ReturnBit. However, Yobit FistBump is 1.34 times more volatile than Yobit ReturnBit USD. It trades about 0.21 of its potential returns per unit of risk. Yobit ReturnBit USD is currently generating about 0.17 per unit of risk. If you would invest 0.48 in Yobit FistBump USD on December 17, 2017 and sell it today you would lose (0.38) from holding Yobit FistBump USD or give up 79.17% of portfolio value over 30 days.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding Yobit FistBump USD and Yobit ReturnBit USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit ReturnBit USD and Yobit FistBump 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 FistBump USD are associated (or correlated) with Yobit ReturnBit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit ReturnBit USD has no effect on the direction of Yobit FistBump i.e. Yobit FistBump and Yobit ReturnBit go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit FistBump USD are ranked lower than 14 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit ReturnBit USD are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days.