This module allows you to analyze existing cross correlation between HitBTC Stratis USD and Poloniex Augur USD. You can compare the effects of market volatilities on HitBTC Stratis 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 HitBTC Stratis with a short position of Poloniex Augur. See also your portfolio center
. Please also check ongoing floating volatility patterns of HitBTC Stratis
and Poloniex Augur
HitBTC Stratis USD vs Poloniex Augur USD
Assuming 30 trading days horizon, HitBTC Stratis USD is expected to generate 1.04 times more return on investment than Poloniex Augur. However, HitBTC Stratis is 1.04 times more volatile than Poloniex Augur USD. It trades about 0.18 of its potential returns per unit of risk. Poloniex Augur USD is currently generating about 0.11 per unit of risk. If you would invest 1,032 in HitBTC Stratis USD on December 21, 2017 and sell it today you would earn a total of 572 from holding HitBTC Stratis USD or generate 55.43% return on investment over 30 days.
|Time Period||1 Month [change]|
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding HitBTC Stratis 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 HitBTC Stratis 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 Stratis 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 HitBTC Stratis i.e. HitBTC Stratis and Poloniex Augur go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in HitBTC Stratis 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 7 (%) of all global equities and portfolios over the last 30 days.