This module allows you to analyze existing cross correlation between Yobit Cerium USD and Yobit Golem Network Token USD. You can compare the effects of market volatilities on Yobit Cerium and Yobit Golem 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 Cerium with a short position of Yobit Golem. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit Cerium and Yobit Golem.
Yobit Cerium USD vs. Yobit Golem Network Token USD
Cerium on Yobit in USD
Market Cap: 0
Golem Network Token on Yobit in USD
Market Cap: 105
Assuming 30 trading days horizon, Yobit Cerium USD is expected to generate 2.01 times more return on investment than Yobit Golem. However, Yobit Cerium is 2.01 times more volatile than Yobit Golem Network Token USD. It trades about 0.13 of its potential returns per unit of risk. Yobit Golem Network Token USD is currently generating about 0.09 per unit of risk. If you would invest 1.70 in Yobit Cerium USD on March 22, 2018 and sell it today you would lose (0.32) from holding Yobit Cerium USD or give up 18.94% of portfolio value over 30 days.
Pair Corralation between Yobit Cerium and Yobit Golem
Overlapping area represents the amount of risk that can be diversified away by holding Yobit Cerium USD and Yobit Golem Network Token USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit Golem Network and Yobit Cerium 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 Cerium USD are associated (or correlated) with Yobit Golem. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit Golem Network has no effect on the direction of Yobit Cerium i.e. Yobit Cerium and Yobit Golem go up and down completely randomly.
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