This module allows you to analyze existing cross correlation between HitBTC Verge USD and HitBTC Stratis USD. You can compare the effects of market volatilities on HitBTC Verge and HitBTC Stratis 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 Verge with a short position of HitBTC Stratis. See also your portfolio center
. Please also check ongoing floating volatility patterns of HitBTC Verge
and HitBTC Stratis
HitBTC Verge USD vs HitBTC Stratis USD
Assuming 30 trading days horizon, HitBTC Verge is expected to generate 1.06 times less return on investment than HitBTC Stratis. In addition to that, HitBTC Verge is 1.88 times more volatile than HitBTC Stratis USD. It trades about 0.09 of its total potential returns per unit of risk. HitBTC Stratis USD is currently generating about 0.18 per unit of volatility. If you would invest 1,032 in HitBTC Stratis USD on December 21, 2017 and sell it today you would earn a total of 561 from holding HitBTC Stratis USD or generate 54.36% 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 HitBTC Verge USD and HitBTC Stratis USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on HitBTC Stratis USD and HitBTC Verge 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 Verge USD are associated (or correlated) with HitBTC Stratis. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of HitBTC Stratis USD has no effect on the direction of HitBTC Verge i.e. HitBTC Verge and HitBTC Stratis go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in HitBTC Verge USD are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days.
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.