This module allows you to analyze existing cross correlation between Yobit Iconic USD and Yobit Ethereum Classic USD. You can compare the effects of market volatilities on Yobit Iconic and Yobit Ethereum 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 Yobit Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit Iconic and Yobit Ethereum.
|Time Horizon||30 Days Login to change|
Yobit Iconic USD vs. Yobit Ethereum Classic USD
Assuming 30 trading days horizon, Yobit Iconic USD is expected to generate 4.74 times more return on investment than Yobit Ethereum. However, Yobit Iconic is 4.74 times more volatile than Yobit Ethereum Classic USD. It trades about 0.03 of its potential returns per unit of risk. Yobit Ethereum Classic USD is currently generating about -0.09 per unit of risk. If you would invest 7.80 in Yobit Iconic USD on May 20, 2018 and sell it today you would lose (3.20) from holding Yobit Iconic USD or give up 41.03% of portfolio value over 30 days.