This module allows you to analyze existing cross correlation between Poloniex Augur USD and LiveCoin NovaCoin USD. You can compare the effects of market volatilities on Poloniex Augur and LiveCoin NovaCoin 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 NovaCoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Poloniex Augur and LiveCoin NovaCoin.
|Time Horizon||30 Days Login to change|
Poloniex Augur USD vs. LiveCoin NovaCoin USD
Assuming 30 trading days horizon, Poloniex Augur USD is expected to generate 1.77 times more return on investment than LiveCoin NovaCoin. However, Poloniex Augur is 1.77 times more volatile than LiveCoin NovaCoin USD. It trades about -0.2 of its potential returns per unit of risk. LiveCoin NovaCoin USD is currently generating about -0.36 per unit of risk. If you would invest 5,114 in Poloniex Augur USD on May 20, 2018 and sell it today you would lose (1,678) from holding Poloniex Augur USD or give up 32.81% of portfolio value over 30 days.