This module allows you to analyze existing cross correlation between Yobit MaxCoin USD and Yobit Reddcoin USD. You can compare the effects of market volatilities on Yobit MaxCoin and Yobit Reddcoin 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 Reddcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit MaxCoin and Yobit Reddcoin.
|Time Horizon||30 Days Login to change|
Yobit MaxCoin USD vs. Yobit Reddcoin USD
Assuming 30 trading days horizon, Yobit MaxCoin USD is expected to generate 2.22 times more return on investment than Yobit Reddcoin. However, Yobit MaxCoin is 2.22 times more volatile than Yobit Reddcoin USD. It trades about 0.08 of its potential returns per unit of risk. Yobit Reddcoin USD is currently generating about -0.03 per unit of risk. If you would invest 7.00 in Yobit MaxCoin USD on May 23, 2018 and sell it today you would earn a total of 0.61 from holding Yobit MaxCoin USD or generate 8.71% return on investment over 30 days.