This module allows you to analyze existing cross correlation between HitBTC Autumncoin USD and Poloniex Stellar USD. You can compare the effects of market volatilities on HitBTC Autumncoin and Poloniex 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 HitBTC Autumncoin with a short position of Poloniex Stellar. See also your portfolio center
. Please also check ongoing floating volatility patterns of HitBTC Autumncoin
and Poloniex Stellar
HitBTC Autumncoin USD vs Poloniex Stellar USD
Assuming 30 trading days horizon, HitBTC Autumncoin USD is expected to generate 1.66 times more return on investment than Poloniex Stellar. However, HitBTC Autumncoin is 1.66 times more volatile than Poloniex Stellar USD. It trades about 0.15 of its potential returns per unit of risk. Poloniex Stellar USD is currently generating about 0.21 per unit of risk. If you would invest 1.68 in HitBTC Autumncoin USD on December 19, 2017 and sell it today you would earn a total of 0.8 from holding HitBTC Autumncoin USD or generate 47.62% 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 HitBTC Autumncoin USD and Poloniex Stellar USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Poloniex Stellar USD and HitBTC Autumncoin 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 HitBTC Autumncoin USD are associated (or correlated) with Poloniex Stellar. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Poloniex Stellar USD has no effect on the direction of HitBTC Autumncoin i.e. HitBTC Autumncoin and Poloniex Stellar go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in HitBTC Autumncoin USD are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Poloniex Stellar USD are ranked lower than 13 (%) of all global equities and portfolios over the last 30 days.