This module allows you to analyze existing cross correlation between Poloniex Ethereum USD and Cexio Ethereum USD. You can compare the effects of market volatilities on Poloniex Ethereum and Cexio Ethereum 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 Poloniex Ethereum with a short position of Cexio Ethereum. See also your portfolio center
. Please also check ongoing floating volatility patterns of Poloniex Ethereum
and Cexio Ethereum
Poloniex Ethereum USD vs Cexio Ethereum USD
Assuming 30 trading days horizon, Poloniex Ethereum is expected to generate 1.07 times less return on investment than Cexio Ethereum. In addition to that, Poloniex Ethereum is 1.23 times more volatile than Cexio Ethereum USD. It trades about 0.25 of its total potential returns per unit of risk. Cexio Ethereum USD is currently generating about 0.33 per unit of volatility. If you would invest 84,601 in Cexio Ethereum USD on December 17, 2017 and sell it today you would earn a total of 56,685 from holding Cexio Ethereum USD or generate 67.0% return on investment over 30 days.
|Time Period||1 Month [change]|
Almost no diversification
Overlapping area represents the amount of risk that can be diversified away by holding Poloniex Ethereum USD and Cexio Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Cexio Ethereum USD and Poloniex Ethereum 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 Poloniex Ethereum USD are associated (or correlated) with Cexio Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Cexio Ethereum USD has no effect on the direction of Poloniex Ethereum i.e. Poloniex Ethereum and Cexio Ethereum go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Poloniex Ethereum USD are ranked lower than 16 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Cexio Ethereum USD are ranked lower than 21 (%) of all global equities and portfolios over the last 30 days.