This module allows you to analyze existing cross correlation between Yobit Iconic USD and Bitfinex NEO USD. You can compare the effects of market volatilities on Yobit Iconic and Bitfinex NEO 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 Iconic with a short position of Bitfinex NEO. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit Iconic and Bitfinex NEO.
|Time Horizon||30 Days Login to change|
Yobit Iconic USD vs. Bitfinex NEO USD
Assuming 30 trading days horizon, Yobit Iconic USD is expected to generate 5.43 times more return on investment than Bitfinex NEO. However, Yobit Iconic is 5.43 times more volatile than Bitfinex NEO USD. It trades about 0.06 of its potential returns per unit of risk. Bitfinex NEO USD is currently generating about -0.19 per unit of risk. If you would invest 7.31 in Yobit Iconic USD on May 22, 2018 and sell it today you would lose (2.71) from holding Yobit Iconic USD or give up 37.07% of portfolio value over 30 days.