This module allows you to analyze existing cross correlation between Yobit Golem Network Token USD and HitBTC Verge USD. You can compare the effects of market volatilities on Yobit Golem and HitBTC Verge 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 Golem with a short position of HitBTC Verge. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit Golem and HitBTC Verge.
Yobit Golem Network Token USD vs. HitBTC Verge USD
Golem Network Token on Yobit in USD
Market Cap: 77.0
Verge on HitBTC in USD
Market Cap: 29.9 K
Assuming 30 trading days horizon, Yobit Golem Network Token USD is expected to generate 2.48 times more return on investment than HitBTC Verge. However, Yobit Golem is 2.48 times more volatile than HitBTC Verge USD. It trades about 0.05 of its potential returns per unit of risk. HitBTC Verge USD is currently generating about -0.16 per unit of risk. If you would invest 55.01 in Yobit Golem Network Token USD on April 22, 2018 and sell it today you would lose (1.10) from holding Yobit Golem Network Token USD or give up 2.0% of portfolio value over 30 days.
Pair Corralation between Yobit Golem and HitBTC Verge
Overlapping area represents the amount of risk that can be diversified away by holding Yobit Golem Network Token USD and HitBTC Verge USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on HitBTC Verge USD and Yobit Golem 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 Golem Network Token USD are associated (or correlated) with HitBTC Verge. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of HitBTC Verge USD has no effect on the direction of Yobit Golem i.e. Yobit Golem and HitBTC Verge go up and down completely randomly.
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