This module allows you to analyze existing cross correlation between Yobit Iconic USD and Yobit Universal Currency USD. You can compare the effects of market volatilities on Yobit Iconic and Yobit Universal 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 Universal. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit Iconic and Yobit Universal.
|Time Horizon||30 Days Login to change|
Yobit Iconic USD vs. Yobit Universal Currency USD
Assuming 30 trading days horizon, Yobit Iconic USD is expected to generate 4.23 times more return on investment than Yobit Universal. However, Yobit Iconic is 4.23 times more volatile than Yobit Universal Currency USD. It trades about 0.06 of its potential returns per unit of risk. Yobit Universal Currency USD is currently generating about -0.27 per unit of risk. If you would invest 7.31 in Yobit Iconic USD on May 23, 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.