This module allows you to analyze existing cross correlation between Yobit iBankCoin USD and Yobit Rimbit USD. You can compare the effects of market volatilities on Yobit iBankCoin and Yobit Rimbit 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 Rimbit. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit iBankCoin
and Yobit Rimbit
Yobit iBankCoin USD vs Yobit Rimbit USD
Assuming 30 trading days horizon, Yobit iBankCoin is expected to generate 3.07 times less return on investment than Yobit Rimbit. But when comparing it to its historical volatility, Yobit iBankCoin USD is 3.31 times less risky than Yobit Rimbit. It trades about 0.4 of its potential returns per unit of risk. Yobit Rimbit USD is currently generating about 0.37 of returns per unit of risk over similar time horizon. If you would invest 0.02 in Yobit Rimbit USD on December 17, 2017 and sell it today you would earn a total of 1.59 from holding Yobit Rimbit USD or generate 7835.96% return on investment over 30 days.
|Time Period||1 Month [change]|
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding Yobit iBankCoin USD and Yobit Rimbit USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit Rimbit 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 Rimbit. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit Rimbit USD has no effect on the direction of Yobit iBankCoin i.e. Yobit iBankCoin and Yobit Rimbit go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit iBankCoin USD are ranked lower than 26 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Rimbit USD are ranked lower than 24 (%) of all global equities and portfolios over the last 30 days.