This module allows you to analyze existing cross correlation between Yobit MaxCoin USD and Yobit CannabisCoin USD. You can compare the effects of market volatilities on Yobit MaxCoin and Yobit CannabisCoin 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 MaxCoin with a short position of Yobit CannabisCoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit MaxCoin and Yobit CannabisCoin.
|Time Horizon||30 Days Login to change|
Yobit MaxCoin USD vs. Yobit CannabisCoin USD
Assuming 30 trading days horizon, Yobit MaxCoin is expected to generate 15.85 times less return on investment than Yobit CannabisCoin. But when comparing it to its historical volatility, Yobit MaxCoin USD is 2.1 times less risky than Yobit CannabisCoin. It trades about 0.01 of its potential returns per unit of risk. Yobit CannabisCoin USD is currently generating about 0.06 of returns per unit of risk over similar time horizon. If you would invest 3.15 in Yobit CannabisCoin USD on May 25, 2018 and sell it today you would lose (1.35) from holding Yobit CannabisCoin USD or give up 42.84% of portfolio value over 30 days.