This module allows you to analyze existing cross correlation between Yobit Gulden USD and Yobit DarkGold USD. You can compare the effects of market volatilities on Yobit Gulden and Yobit DarkGold 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 Yobit DarkGold. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit Gulden
and Yobit DarkGold
Yobit Gulden USD vs Yobit DarkGold USD
Assuming 30 trading days horizon, Yobit Gulden is expected to generate 1.16 times less return on investment than Yobit DarkGold. In addition to that, Yobit Gulden is 1.33 times more volatile than Yobit DarkGold USD. It trades about 0.08 of its total potential returns per unit of risk. Yobit DarkGold USD is currently generating about 0.12 per unit of volatility. If you would invest 25.00 in Yobit DarkGold USD on February 15, 2018 and sell it today you would earn a total of 1.20 from holding Yobit DarkGold USD or generate 4.8% return on investment 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 Yobit DarkGold USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit DarkGold USD 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 Yobit DarkGold. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit DarkGold USD has no effect on the direction of Yobit Gulden i.e. Yobit Gulden and Yobit DarkGold 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.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit DarkGold USD are ranked lower than 7 (%) of all global equities and portfolios over the last 30 days.