This module allows you to analyze existing cross correlation between Yobit iBankCoin USD and Yobit MaxCoin USD. You can compare the effects of market volatilities on Yobit iBankCoin and Yobit MaxCoin 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 iBankCoin with a short position of Yobit MaxCoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit iBankCoin and Yobit MaxCoin.
Assuming 30 trading days horizon, Yobit iBankCoin is expected to generate 22.68 times less return on investment than Yobit MaxCoin. But when comparing it to its historical volatility, Yobit iBankCoin USD is 3.25 times less risky than Yobit MaxCoin. It trades about 0.02 of its potential returns per unit of risk. Yobit MaxCoin USD is currently generating about 0.16 of returns per unit of risk over similar time horizon. If you would invest 4.90 in Yobit MaxCoin USD on March 20, 2018 and sell it today you would earn a total of 2.10 from holding Yobit MaxCoin USD or generate 42.9% return on investment over 30 days.
Pair Corralation between Yobit iBankCoin and Yobit MaxCoin
Overlapping area represents the amount of risk that can be diversified away by holding Yobit iBankCoin USD and Yobit MaxCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit MaxCoin USD and Yobit iBankCoin 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 iBankCoin USD are associated (or correlated) with Yobit MaxCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit MaxCoin USD has no effect on the direction of Yobit iBankCoin i.e. Yobit iBankCoin and Yobit MaxCoin go up and down completely randomly.
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