This module allows you to analyze existing cross correlation between Quoine NEO USD and Poloniex Augur USD. You can compare the effects of market volatilities on Quoine NEO and Poloniex Augur 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 Quoine NEO with a short position of Poloniex Augur. See also your portfolio center
. Please also check ongoing floating volatility patterns of Quoine NEO
and Poloniex Augur
Quoine NEO USD vs Poloniex Augur USD
Assuming 30 trading days horizon, Quoine NEO USD is expected to generate 1.61 times more return on investment than Poloniex Augur. However, Quoine NEO is 1.61 times more volatile than Poloniex Augur USD. It trades about 0.22 of its potential returns per unit of risk. Poloniex Augur USD is currently generating about 0.14 per unit of risk. If you would invest 6,110 in Quoine NEO USD on December 23, 2017 and sell it today you would earn a total of 7,800 from holding Quoine NEO USD or generate 127.66% 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 Quoine NEO USD and Poloniex Augur USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Poloniex Augur USD and Quoine NEO 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 Quoine NEO USD are associated (or correlated) with Poloniex Augur. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Poloniex Augur USD has no effect on the direction of Quoine NEO i.e. Quoine NEO and Poloniex Augur go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Quoine NEO USD are ranked lower than 14 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Poloniex Augur USD are ranked lower than 9 (%) of all global equities and portfolios over the last 30 days.