This module allows you to analyze existing cross correlation between Yobit Rimbit USD and Yobit SibCoin USD. You can compare the effects of market volatilities on Yobit Rimbit and Yobit SibCoin 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 Rimbit with a short position of Yobit SibCoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit Rimbit and Yobit SibCoin.
Assuming 30 trading days horizon, Yobit Rimbit is expected to generate 5.71 times less return on investment than Yobit SibCoin. In addition to that, Yobit Rimbit is 1.84 times more volatile than Yobit SibCoin USD. It trades about 0.01 of its total potential returns per unit of risk. Yobit SibCoin USD is currently generating about 0.14 per unit of volatility. If you would invest 41.00 in Yobit SibCoin USD on June 16, 2018 and sell it today you would earn a total of 8.00 from holding Yobit SibCoin USD or generate 19.51% return on investment over 30 days.
Pair Corralation between Yobit Rimbit and Yobit SibCoin
Overlapping area represents the amount of risk that can be diversified away by holding Yobit Rimbit USD and Yobit SibCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit SibCoin USD and Yobit Rimbit 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 Rimbit USD are associated (or correlated) with Yobit SibCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit SibCoin USD has no effect on the direction of Yobit Rimbit i.e. Yobit Rimbit and Yobit SibCoin go up and down completely randomly.
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