This module allows you to analyze existing cross correlation between Yobit HiCoin USD and Cexio Stellar USD. You can compare the effects of market volatilities on Yobit HiCoin and Cexio Stellar 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 HiCoin with a short position of Cexio Stellar. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit HiCoin
and Cexio Stellar
Yobit HiCoin USD vs Cexio Stellar USD
Assuming 30 trading days horizon, Yobit HiCoin is expected to generate 7.57 times less return on investment than Cexio Stellar. But when comparing it to its historical volatility, Yobit HiCoin USD is 4.46 times less risky than Cexio Stellar. It trades about 0.1 of its potential returns per unit of risk. Cexio Stellar USD is currently generating about 0.17 of returns per unit of risk over similar time horizon. If you would invest 0.00 in Cexio Stellar USD on February 15, 2018 and sell it today you would earn a total of 20.53 from holding Cexio Stellar USD or generate 9.223372036854776E16% return on investment over 30 days.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding Yobit HiCoin USD and Cexio Stellar USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Cexio Stellar USD and Yobit HiCoin 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 HiCoin USD are associated (or correlated) with Cexio Stellar. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cexio Stellar USD has no effect on the direction of Yobit HiCoin i.e. Yobit HiCoin and Cexio Stellar go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit HiCoin USD are ranked lower than 6 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Cexio Stellar USD are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days.