This module allows you to analyze existing cross correlation between Yobit HiCoin USD and Yobit Sativa Coin USD. You can compare the effects of market volatilities on Yobit HiCoin and Yobit Sativa 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 Sativa. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit HiCoin
and Yobit Sativa
Yobit HiCoin USD vs Yobit Sativa Coin USD
Assuming 30 trading days horizon, Yobit HiCoin is expected to generate 2.52 times less return on investment than Yobit Sativa. But when comparing it to its historical volatility, Yobit HiCoin USD is 1.35 times less risky than Yobit Sativa. It trades about 0.1 of its potential returns per unit of risk. Yobit Sativa Coin USD is currently generating about 0.19 of returns per unit of risk over similar time horizon. If you would invest 5.00 in Yobit Sativa Coin USD on February 15, 2018 and sell it today you would lose (0.05) from holding Yobit Sativa Coin USD or give up 1.06% of portfolio value over 30 days.
|Time Period||1 Month [change]|
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding Yobit HiCoin USD and Yobit Sativa Coin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit Sativa Coin 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 Sativa. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit Sativa Coin has no effect on the direction of Yobit HiCoin i.e. Yobit HiCoin and Yobit Sativa 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 Sativa Coin USD are ranked lower than 12 (%) of all global equities and portfolios over the last 30 days.