This module allows you to analyze existing cross correlation between Yobit SpaceCoin USD and Kraken Monero USD. You can compare the effects of market volatilities on Yobit SpaceCoin and Kraken Monero 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 SpaceCoin with a short position of Kraken Monero. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit SpaceCoin and Kraken Monero.
|Time Horizon||30 Days Login to change|
Yobit SpaceCoin USD vs. Kraken Monero USD
Assuming 30 trading days horizon, Yobit SpaceCoin USD is expected to generate 7.61 times more return on investment than Kraken Monero. However, Yobit SpaceCoin is 7.61 times more volatile than Kraken Monero USD. It trades about 0.12 of its potential returns per unit of risk. Kraken Monero USD is currently generating about -0.19 per unit of risk. If you would invest 0.46 in Yobit SpaceCoin USD on May 25, 2018 and sell it today you would lose (0.02) from holding Yobit SpaceCoin USD or give up 3.45% of portfolio value over 30 days.