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.
Assuming 30 trading days horizon, HitBTC Verge USD is expected to generate 1.7 times more return on investment than Poloniex Augur. However, HitBTC Verge is 1.7 times more volatile than Poloniex Augur USD. It trades about 0.07 of its potential returns per unit of risk. Poloniex Augur USD is currently generating about 0.02 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 0.66 from holding HitBTC Verge USD or generate 10.23% return on investment over 30 days.
Pair Corralation between HitBTC Verge and Poloniex Augur
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.
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