This module allows you to analyze existing cross correlation between Yobit GeoCoin USD and Yobit NameCoin USD. You can compare the effects of market volatilities on Yobit GeoCoin and Yobit NameCoin 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 NameCoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit GeoCoin
and Yobit NameCoin
Yobit GeoCoin USD vs Yobit NameCoin USD
Assuming 30 trading days horizon, Yobit GeoCoin USD is expected to generate 11.55 times more return on investment than Yobit NameCoin. However, Yobit GeoCoin is 11.55 times more volatile than Yobit NameCoin USD. It trades about 0.24 of its potential returns per unit of risk. Yobit NameCoin USD is currently generating about 0.18 per unit of risk. If you would invest 110 in Yobit GeoCoin USD on December 17, 2017 and sell it today you would earn a total of 660 from holding Yobit GeoCoin USD or generate 600.0% return on investment over 30 days.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding Yobit GeoCoin USD and Yobit NameCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit NameCoin 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 NameCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit NameCoin USD has no effect on the direction of Yobit GeoCoin i.e. Yobit GeoCoin and Yobit NameCoin 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 15 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit NameCoin USD are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days.