This module allows you to analyze existing cross correlation between Yobit Ubiqoin USD and Yobit BuzzCoin USD. You can compare the effects of market volatilities on Yobit Ubiqoin and Yobit BuzzCoin 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 Ubiqoin with a short position of Yobit BuzzCoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit Ubiqoin
and Yobit BuzzCoin
Yobit Ubiqoin USD vs Yobit BuzzCoin USD
Assuming 30 trading days horizon, Yobit Ubiqoin USD is expected to generate 2.0 times more return on investment than Yobit BuzzCoin. However, Yobit Ubiqoin is 2.0 times more volatile than Yobit BuzzCoin USD. It trades about 0.18 of its potential returns per unit of risk. Yobit BuzzCoin USD is currently generating about 0.25 per unit of risk. If you would invest 1.44 in Yobit Ubiqoin USD on December 22, 2017 and sell it today you would lose (0.78) from holding Yobit Ubiqoin USD or give up 53.81% of portfolio value over 30 days.
|Time Period||1 Month [change]|
Very good diversification
Overlapping area represents the amount of risk that can be diversified away by holding Yobit Ubiqoin USD and Yobit BuzzCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit BuzzCoin USD and Yobit Ubiqoin 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 Ubiqoin USD are associated (or correlated) with Yobit BuzzCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit BuzzCoin USD has no effect on the direction of Yobit Ubiqoin i.e. Yobit Ubiqoin and Yobit BuzzCoin go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Ubiqoin USD are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit BuzzCoin USD are ranked lower than 16 (%) of all global equities and portfolios over the last 30 days.