This module allows you to analyze existing cross correlation between Poloniex Augur USD and BitTrex Ethereum Classic USD. You can compare the effects of market volatilities on Poloniex Augur and BitTrex Ethereum 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 Augur with a short position of BitTrex Ethereum. See also your portfolio center
. Please also check ongoing floating volatility patterns of Poloniex Augur
and BitTrex Ethereum
Poloniex Augur USD vs BitTrex Ethereum Classic USD
Assuming 30 trading days horizon, Poloniex Augur USD is expected to generate 1.06 times more return on investment than BitTrex Ethereum. However, Poloniex Augur is 1.06 times more volatile than BitTrex Ethereum Classic USD. It trades about 0.2 of its potential returns per unit of risk. BitTrex Ethereum Classic USD is currently generating about 0.1 per unit of risk. If you would invest 6,250 in Poloniex Augur USD on December 22, 2017 and sell it today you would earn a total of 3,730 from holding Poloniex Augur USD or generate 59.68% 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 Poloniex Augur USD and BitTrex Ethereum Classic USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on BitTrex Ethereum Cla and Poloniex Augur 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 Augur USD are associated (or correlated) with BitTrex Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of BitTrex Ethereum Cla has no effect on the direction of Poloniex Augur i.e. Poloniex Augur and BitTrex Ethereum go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Poloniex Augur USD are ranked lower than 12 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in BitTrex Ethereum Classic USD are ranked lower than 6 (%) of all global equities and portfolios over the last 30 days.