This module allows you to analyze existing cross correlation between Cexio Ethereum USD and Poloniex Augur USD. You can compare the effects of market volatilities on Cexio Ethereum 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 Cexio Ethereum with a short position of Poloniex Augur. See also your portfolio center
. Please also check ongoing floating volatility patterns of Cexio Ethereum
and Poloniex Augur
Cexio Ethereum USD vs Poloniex Augur USD
Assuming 30 trading days horizon, Cexio Ethereum USD is expected to generate 0.83 times more return on investment than Poloniex Augur. However, Cexio Ethereum USD is 1.2 times less risky than Poloniex Augur. It trades about 0.17 of its potential returns per unit of risk. Poloniex Augur USD is currently generating about 0.13 per unit of risk. If you would invest 73,600 in Cexio Ethereum USD on December 23, 2017 and sell it today you would earn a total of 31,697 from holding Cexio Ethereum USD or generate 43.07% return on investment over 30 days.
|Time Period||1 Month [change]|
Very poor diversification
Overlapping area represents the amount of risk that can be diversified away by holding Cexio Ethereum 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 Cexio Ethereum 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 Cexio Ethereum 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 Cexio Ethereum i.e. Cexio Ethereum and Poloniex Augur go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Cexio Ethereum USD are ranked lower than 11 (%) 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 8 (%) of all global equities and portfolios over the last 30 days.