This module allows you to analyze existing cross correlation between Yobit Ubiqoin USD and Yobit eMark USD. You can compare the effects of market volatilities on Yobit Ubiqoin and Yobit eMark 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 eMark. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit Ubiqoin
and Yobit eMark
Yobit Ubiqoin USD vs Yobit eMark USD
Assuming 30 trading days horizon, Yobit Ubiqoin is expected to generate 1.14 times less return on investment than Yobit eMark. But when comparing it to its historical volatility, Yobit Ubiqoin USD is 1.03 times less risky than Yobit eMark. It trades about 0.23 of its potential returns per unit of risk. Yobit eMark USD is currently generating about 0.25 of returns per unit of risk over similar time horizon. If you would invest 8.3 in Yobit eMark USD on December 19, 2017 and sell it today you would lose (2.55) from holding Yobit eMark USD or give up 30.72% of portfolio value over 30 days.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding Yobit Ubiqoin USD and Yobit eMark USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit eMark 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 eMark. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit eMark USD has no effect on the direction of Yobit Ubiqoin i.e. Yobit Ubiqoin and Yobit eMark 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 14 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit eMark USD are ranked lower than 16 (%) of all global equities and portfolios over the last 30 days.