This module allows you to analyze existing cross correlation between Yobit MaxCoin USD and Yobit DebitCoin USD. You can compare the effects of market volatilities on Yobit MaxCoin and Yobit DebitCoin 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 DebitCoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit MaxCoin
and Yobit DebitCoin
Yobit MaxCoin USD vs Yobit DebitCoin USD
Assuming 30 trading days horizon, Yobit MaxCoin USD is expected to generate 0.86 times more return on investment than Yobit DebitCoin. However, Yobit MaxCoin USD is 1.16 times less risky than Yobit DebitCoin. It trades about -0.01 of its potential returns per unit of risk. Yobit DebitCoin USD is currently generating about -0.01 per unit of risk. If you would invest 4.90 in Yobit MaxCoin USD on February 16, 2018 and sell it today you would lose (2.40) from holding Yobit MaxCoin USD or give up 48.98% of portfolio value over 30 days.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding Yobit MaxCoin USD and Yobit DebitCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit DebitCoin USD and Yobit MaxCoin 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 MaxCoin USD are associated (or correlated) with Yobit DebitCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit DebitCoin USD has no effect on the direction of Yobit MaxCoin i.e. Yobit MaxCoin and Yobit DebitCoin go up and down completely randomly.
Over the last 30 days Yobit MaxCoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Over the last 30 days Yobit DebitCoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.