This module allows you to analyze existing cross correlation between Yobit Reddcoin USD and Yobit MaxCoin USD. You can compare the effects of market volatilities on Yobit Reddcoin and Yobit MaxCoin 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 Reddcoin with a short position of Yobit MaxCoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit Reddcoin
and Yobit MaxCoin
Over the last 30 days Yobit Reddcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Over the last 30 days Yobit MaxCoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Yobit Reddcoin and Yobit MaxCoin Volatility Contrast
Yobit Reddcoin USD vs. Yobit MaxCoin USD
Assuming 30 trading days horizon, Yobit Reddcoin USD is expected to under-perform the Yobit MaxCoin. But the crypto apears to be less risky and, when comparing its historical volatility, Yobit Reddcoin USD is 1.71 times less risky than Yobit MaxCoin. The crypto trades about -0.26 of its potential returns per unit of risk. The Yobit MaxCoin USD is currently generating about -0.15 of returns per unit of risk over similar time horizon. If you would invest 2.80 in Yobit MaxCoin USD on November 15, 2018 and sell it today you would lose (2.04) from holding Yobit MaxCoin USD or give up 72.88% of portfolio value over 30 days.
Pair Corralation between Yobit Reddcoin and Yobit MaxCoin
|Time Period||2 Months [change]|
Diversification Opportunities for Yobit Reddcoin and Yobit MaxCoin
Almost no diversification
Overlapping area represents the amount of risk that can be diversified away by holding Yobit Reddcoin USD and Yobit MaxCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit MaxCoin USD and Yobit Reddcoin 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 Reddcoin USD are associated (or correlated) with Yobit MaxCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit MaxCoin USD has no effect on the direction of Yobit Reddcoin i.e. Yobit Reddcoin and Yobit MaxCoin go up and down completely randomly.