This module allows you to analyze existing cross correlation between Yobit HiCoin USD and Yobit Save and Gain USD. You can compare the effects of market volatilities on Yobit HiCoin and Yobit Save 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 Yobit Save. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit HiCoin
and Yobit Save
Yobit HiCoin USD vs Yobit Save and Gain USD
Assuming 30 trading days horizon, Yobit HiCoin is expected to generate 16.54 times less return on investment than Yobit Save. But when comparing it to its historical volatility, Yobit HiCoin USD is 5.65 times less risky than Yobit Save. It trades about 0.09 of its potential returns per unit of risk. Yobit Save and Gain USD is currently generating about 0.27 of returns per unit of risk over similar time horizon. If you would invest 0.41 in Yobit Save and Gain USD on February 16, 2018 and sell it today you would earn a total of 4.72 from holding Yobit Save and Gain USD or generate 1161.68% 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 Yobit Save and Gain USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit Save and 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 Yobit Save. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit Save and has no effect on the direction of Yobit HiCoin i.e. Yobit HiCoin and Yobit Save 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 Yobit Save and Gain USD are ranked lower than 17 (%) of all global equities and portfolios over the last 30 days.