Pair Correlation Between HitBTC Verge and HitBTC Stratis

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.
 Time Horizon     30 Days    Login   to change

HitBTC Verge USD  vs.  HitBTC Stratis USD


Verge on HitBTC in USD
0.00036  0.51%
Market Cap: 138.3 K


Stratis on HitBTC in USD
0.26  4.35%
Market Cap: 20.5 K
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, HitBTC Verge USD is expected to generate 1.87 times more return on investment than HitBTC Stratis. However, HitBTC Verge is 1.87 times more volatile than HitBTC Stratis USD. It trades about 0.07 of its potential returns per unit of risk. HitBTC Stratis USD is currently generating about -0.03 per unit of risk. If you would invest  6.42  in HitBTC Verge USD on March 24, 2018 and sell it today you would earn a total of  0.68  from holding HitBTC Verge USD or generate 10.54% return on investment over 30 days.

Pair Corralation between HitBTC Verge and HitBTC Stratis

Time Period2 Months [change]
ValuesDaily Returns


Good diversification

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.

Comparative Volatility

 Predicted Return Density 
HitBTC Verge USD  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in HitBTC Verge USD are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days.
HitBTC Stratis USD  

Risk-Adjusted Performance

Over the last 30 days HitBTC Stratis USD has generated negative risk-adjusted returns adding no value to investors with long positions.

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