This module allows you to analyze existing cross correlation between Poloniex Bitcoin USD and LiveCoin Bitcoin USD. You can compare the effects of market volatilities on Poloniex Bitcoin and LiveCoin Bitcoin 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 Poloniex Bitcoin with a short position of LiveCoin Bitcoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of Poloniex Bitcoin
and LiveCoin Bitcoin
Poloniex Bitcoin USD vs. LiveCoin Bitcoin USD
Assuming 30 trading days horizon, Poloniex Bitcoin USD is expected to generate 1.78 times more return on investment than LiveCoin Bitcoin. However, Poloniex Bitcoin is 1.78 times more volatile than LiveCoin Bitcoin USD. It trades about 0.2 of its potential returns per unit of risk. LiveCoin Bitcoin USD is currently generating about 0.09 per unit of risk. If you would invest 623,918 in Poloniex Bitcoin USD on September 15, 2018 and sell it today you would earn a total of 86,082 from holding Poloniex Bitcoin USD or generate 13.8% return on investment over 30 days.
Pair Corralation between Poloniex Bitcoin and LiveCoin Bitcoin
|Time Period||1 Month [change]|
Very poor diversification
Overlapping area represents the amount of risk that can be diversified away by holding Poloniex Bitcoin USD and LiveCoin Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin Bitcoin USD and Poloniex Bitcoin 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 Poloniex Bitcoin USD are associated (or correlated) with LiveCoin Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin Bitcoin USD has no effect on the direction of Poloniex Bitcoin i.e. Poloniex Bitcoin and LiveCoin Bitcoin go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Poloniex Bitcoin USD are ranked lower than 13 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin Bitcoin USD are ranked lower than 6 (%) of all global equities and portfolios over the last 30 days.
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