This module allows you to analyze existing cross correlation between Yobit GeoCoin USD and Yobit MetalCoin USD. You can compare the effects of market volatilities on Yobit GeoCoin and Yobit MetalCoin 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 GeoCoin with a short position of Yobit MetalCoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit GeoCoin
and Yobit MetalCoin
Yobit GeoCoin USD vs Yobit MetalCoin USD
Assuming 30 trading days horizon, Yobit GeoCoin is expected to generate 1.47 times less return on investment than Yobit MetalCoin. In addition to that, Yobit GeoCoin is 1.54 times more volatile than Yobit MetalCoin USD. It trades about 0.07 of its total potential returns per unit of risk. Yobit MetalCoin USD is currently generating about 0.15 per unit of volatility. If you would invest 1.60 in Yobit MetalCoin USD on February 22, 2018 and sell it today you would earn a total of 0.63 from holding Yobit MetalCoin USD or generate 39.69% return on investment over 30 days.
|Time Period||1 Month [change]|
Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Yobit GeoCoin USD and Yobit MetalCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit MetalCoin USD and Yobit GeoCoin 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 GeoCoin USD are associated (or correlated) with Yobit MetalCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit MetalCoin USD has no effect on the direction of Yobit GeoCoin i.e. Yobit GeoCoin and Yobit MetalCoin go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit GeoCoin USD are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit MetalCoin USD are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days.