This module allows you to analyze existing cross correlation between CCEX Asiadigicoin USD and CCEX GridCoin USD. You can compare the effects of market volatilities on CCEX Asiadigicoin and CCEX GridCoin 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 CCEX Asiadigicoin with a short position of CCEX GridCoin. See also your portfolio center. Please also check ongoing floating volatility patterns of CCEX Asiadigicoin and CCEX GridCoin.
Assuming 30 trading days horizon, CCEX Asiadigicoin USD is expected to generate 1.0 times more return on investment than CCEX GridCoin. However, CCEX Asiadigicoin USD is 1.0 times less risky than CCEX GridCoin. It trades about 0.28 of its potential returns per unit of risk. CCEX GridCoin USD is currently generating about 0.0 per unit of risk. If you would invest 0.11 in CCEX Asiadigicoin USD on June 22, 2018 and sell it today you would earn a total of 0.09 from holding CCEX Asiadigicoin USD or generate 85.99% return on investment over 30 days.
Pair Corralation between CCEX Asiadigicoin and CCEX GridCoin
Overlapping area represents the amount of risk that can be diversified away by holding CCEX Asiadigicoin USD and CCEX GridCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on CCEX GridCoin USD and CCEX Asiadigicoin 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 CCEX Asiadigicoin USD are associated (or correlated) with CCEX GridCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of CCEX GridCoin USD has no effect on the direction of CCEX Asiadigicoin i.e. CCEX Asiadigicoin and CCEX GridCoin go up and down completely randomly.
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