This module allows you to analyze existing cross correlation between Poloniex Augur USD and LiveCoin Adzcoin USD. You can compare the effects of market volatilities on Poloniex Augur and LiveCoin Adzcoin 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 LiveCoin Adzcoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of Poloniex Augur
and LiveCoin Adzcoin
Poloniex Augur USD vs LiveCoin Adzcoin USD
Assuming 30 trading days horizon, Poloniex Augur USD is expected to generate 0.5 times more return on investment than LiveCoin Adzcoin. However, Poloniex Augur USD is 1.98 times less risky than LiveCoin Adzcoin. It trades about -0.04 of its potential returns per unit of risk. LiveCoin Adzcoin USD is currently generating about -0.13 per unit of risk. If you would invest 4,300 in Poloniex Augur USD on February 22, 2018 and sell it today you would lose (652.00) from holding Poloniex Augur USD or give up 15.16% of portfolio value over 30 days.
|Time Period||1 Month [change]|
Very poor diversification
Overlapping area represents the amount of risk that can be diversified away by holding Poloniex Augur USD and LiveCoin Adzcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin Adzcoin 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 LiveCoin Adzcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin Adzcoin USD has no effect on the direction of Poloniex Augur i.e. Poloniex Augur and LiveCoin Adzcoin 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.
Over the last 30 days LiveCoin Adzcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.