This module allows you to analyze existing cross correlation between HitBTC Verge USD and Poloniex Augur USD. You can compare the effects of market volatilities on HitBTC Verge 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 Verge with a short position of Poloniex Augur. See also your portfolio center
. Please also check ongoing floating volatility patterns of HitBTC Verge
and Poloniex Augur
HitBTC Verge USD vs Poloniex Augur USD
Assuming 30 trading days horizon, HitBTC Verge is expected to generate 7.81 times less return on investment than Poloniex Augur. In addition to that, HitBTC Verge is 1.68 times more volatile than Poloniex Augur USD. It trades about 0.01 of its total potential returns per unit of risk. Poloniex Augur USD is currently generating about 0.1 per unit of volatility. If you would invest 7,582 in Poloniex Augur USD on December 25, 2017 and sell it today you would earn a total of 1,168 from holding Poloniex Augur USD or generate 15.4% 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 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 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 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 Verge i.e. HitBTC Verge and Poloniex Augur go up and down completely randomly.
Over the last 30 days HitBTC Verge USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Compared to the overall equity markets, risk-adjusted returns on investments in Poloniex Augur USD are ranked lower than 6 (%) of all global equities and portfolios over the last 30 days.