This module allows you to analyze existing cross correlation between Poloniex Augur USD and Kraken ZCash USD. You can compare the effects of market volatilities on Poloniex Augur and Kraken ZCash 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 Augur with a short position of Kraken ZCash. See also your portfolio center
. Please also check ongoing floating volatility patterns of Poloniex Augur
and Kraken ZCash
Poloniex Augur USD vs Kraken ZCash USD
Assuming 30 trading days horizon, Poloniex Augur USD is expected to under-perform the Kraken ZCash. But the crypto apears to be less risky and, when comparing its historical volatility, Poloniex Augur USD is 1.37 times less risky than Kraken ZCash. The crypto trades about -0.23 of its potential returns per unit of risk. The Kraken ZCash USD is currently generating about 0.06 of returns per unit of risk over similar time horizon. If you would invest 43,972 in Kraken ZCash USD on January 21, 2018 and sell it today you would earn a total of 2,335 from holding Kraken ZCash USD or generate 5.31% 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 Poloniex Augur USD and Kraken ZCash USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Kraken ZCash USD and Poloniex Augur 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 Augur USD are associated (or correlated) with Kraken ZCash. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kraken ZCash USD has no effect on the direction of Poloniex Augur i.e. Poloniex Augur and Kraken ZCash go up and down completely randomly.
Over the last 30 days Poloniex Augur 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 Kraken ZCash USD are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days.