This module allows you to analyze existing cross correlation between Yobit Gulden USD and LiveCoin E-Dinar Coin USD. You can compare the effects of market volatilities on Yobit Gulden and LiveCoin E-Dinar 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 Gulden with a short position of LiveCoin E-Dinar. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit Gulden
and LiveCoin E-Dinar
Yobit Gulden USD vs LiveCoin E-Dinar Coin USD
Assuming 30 trading days horizon, Yobit Gulden USD is expected to generate 6.2 times more return on investment than LiveCoin E-Dinar. However, Yobit Gulden is 6.2 times more volatile than LiveCoin E-Dinar Coin USD. It trades about 0.08 of its potential returns per unit of risk. LiveCoin E-Dinar Coin USD is currently generating about -0.09 per unit of risk. If you would invest 174.00 in Yobit Gulden USD on February 15, 2018 and sell it today you would lose (115.00) from holding Yobit Gulden USD or give up 66.09% of portfolio value over 30 days.
|Time Period||1 Month [change]|
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding Yobit Gulden USD and LiveCoin E-Dinar Coin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin E-Dinar Coin and Yobit Gulden 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 Gulden USD are associated (or correlated) with LiveCoin E-Dinar. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin E-Dinar Coin has no effect on the direction of Yobit Gulden i.e. Yobit Gulden and LiveCoin E-Dinar go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Gulden USD are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days.
Over the last 30 days LiveCoin E-Dinar Coin USD has generated negative risk-adjusted returns adding no value to investors with long positions.