This module allows you to analyze existing cross correlation between HitBTC Komodo USD and HitBTC Bancor Network Token USD. You can compare the effects of market volatilities on HitBTC Komodo and HitBTC Bancor 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 HitBTC Komodo with a short position of HitBTC Bancor. See also your portfolio center
. Please also check ongoing floating volatility patterns of HitBTC Komodo
and HitBTC Bancor
HitBTC Komodo USD vs HitBTC Bancor Network Token US
Assuming 30 trading days horizon, HitBTC Komodo USD is expected to generate 1.8 times more return on investment than HitBTC Bancor. However, HitBTC Komodo is 1.8 times more volatile than HitBTC Bancor Network Token USD. It trades about -0.1 of its potential returns per unit of risk. HitBTC Bancor Network Token USD is currently generating about -0.38 per unit of risk. If you would invest 482.00 in HitBTC Komodo USD on February 19, 2018 and sell it today you would lose (138.00) from holding HitBTC Komodo USD or give up 28.63% of portfolio value over 30 days.
|Time Period||1 Month [change]|
Almost no diversification
Overlapping area represents the amount of risk that can be diversified away by holding HitBTC Komodo USD and HitBTC Bancor Network Token US in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on HitBTC Bancor Network and HitBTC Komodo 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 HitBTC Komodo USD are associated (or correlated) with HitBTC Bancor. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of HitBTC Bancor Network has no effect on the direction of HitBTC Komodo i.e. HitBTC Komodo and HitBTC Bancor go up and down completely randomly.
Over the last 30 days HitBTC Komodo USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Over the last 30 days HitBTC Bancor Network Token USD has generated negative risk-adjusted returns adding no value to investors with long positions.