This module allows you to analyze existing cross correlation between Poloniex Augur USD and Yobit SibCoin USD. You can compare the effects of market volatilities on Poloniex Augur and Yobit SibCoin 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 Yobit SibCoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of Poloniex Augur
and Yobit SibCoin
Poloniex Augur USD vs. Yobit SibCoin USD
Assuming 30 trading days horizon, Poloniex Augur USD is expected to generate 0.68 times more return on investment than Yobit SibCoin. However, Poloniex Augur USD is 1.47 times less risky than Yobit SibCoin. It trades about 0.02 of its potential returns per unit of risk. Yobit SibCoin USD is currently generating about -0.05 per unit of risk. If you would invest 4,436 in Poloniex Augur USD on March 27, 2018 and sell it today you would lose (313.00) from holding Poloniex Augur USD or give up 7.06% of portfolio value over 30 days.
Pair Corralation between Poloniex Augur and Yobit SibCoin
|Time Period||2 Months [change]|
Overlapping area represents the amount of risk that can be diversified away by holding Poloniex Augur USD and Yobit SibCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit SibCoin USD 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 Yobit SibCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit SibCoin USD has no effect on the direction of Poloniex Augur i.e. Poloniex Augur and Yobit SibCoin 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 1 (%) of all global equities and portfolios over the last 30 days.
Over the last 30 days Yobit SibCoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
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See also your portfolio center
. Please also try Alpha Finder
module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.