This module allows you to analyze existing cross correlation between Yobit Golem Network Token USD and Yobit SpaceCoin USD. You can compare the effects of market volatilities on Yobit Golem and Yobit SpaceCoin 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 Yobit SpaceCoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit Golem and Yobit SpaceCoin.
Yobit Golem Network Token USD vs. Yobit SpaceCoin USD
Golem Network Token on Yobit in USD
Market Cap: 105
SpaceCoin on Yobit in USD
Market Cap: 0
Assuming 30 trading days horizon, Yobit Golem Network Token USD is expected to generate 0.93 times more return on investment than Yobit SpaceCoin. However, Yobit Golem Network Token USD is 1.08 times less risky than Yobit SpaceCoin. It trades about 0.09 of its potential returns per unit of risk. Yobit SpaceCoin USD is currently generating about 0.03 per unit of risk. If you would invest 40.00 in Yobit Golem Network Token USD on March 22, 2018 and sell it today you would earn a total of 6.60 from holding Yobit Golem Network Token USD or generate 16.5% return on investment over 30 days.
Pair Corralation between Yobit Golem and Yobit SpaceCoin
Overlapping area represents the amount of risk that can be diversified away by holding Yobit Golem Network Token USD and Yobit SpaceCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit SpaceCoin 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 Yobit SpaceCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit SpaceCoin USD has no effect on the direction of Yobit Golem i.e. Yobit Golem and Yobit SpaceCoin go up and down completely randomly.
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