This module allows you to analyze existing cross correlation between Poloniex Augur USD and LiveCoin NEM USD. You can compare the effects of market volatilities on Poloniex Augur and LiveCoin NEM 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 NEM. See also your portfolio center
. Please also check ongoing floating volatility patterns of Poloniex Augur
and LiveCoin NEM
Poloniex Augur USD vs LiveCoin NEM USD
Assuming 30 trading days horizon, Poloniex Augur USD is expected to generate 0.77 times more return on investment than LiveCoin NEM. However, Poloniex Augur USD is 1.3 times less risky than LiveCoin NEM. It trades about -0.31 of its potential returns per unit of risk. LiveCoin NEM USD is currently generating about -0.33 per unit of risk. If you would invest 5,445 in Poloniex Augur USD on February 16, 2018 and sell it today you would lose (2,464) from holding Poloniex Augur USD or give up 45.25% of portfolio value 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 LiveCoin NEM USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin NEM 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 NEM. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin NEM USD has no effect on the direction of Poloniex Augur i.e. Poloniex Augur and LiveCoin NEM 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 NEM USD has generated negative risk-adjusted returns adding no value to investors with long positions.