This module allows you to analyze existing cross correlation between Poloniex Augur USD and Poloniex Stellar USD. You can compare the effects of market volatilities on Poloniex Augur and Poloniex Stellar 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 Poloniex Stellar. See also your portfolio center
. Please also check ongoing floating volatility patterns of Poloniex Augur
and Poloniex Stellar
Poloniex Augur USD vs Poloniex Stellar USD
Assuming 30 trading days horizon, Poloniex Augur USD is expected to generate 0.96 times more return on investment than Poloniex Stellar. However, Poloniex Augur USD is 1.04 times less risky than Poloniex Stellar. It trades about -0.07 of its potential returns per unit of risk. Poloniex Stellar USD is currently generating about -0.13 per unit of risk. If you would invest 4,350 in Poloniex Augur USD on February 21, 2018 and sell it today you would lose (884.00) from holding Poloniex Augur USD or give up 20.32% 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 Poloniex Stellar USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Poloniex Stellar 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 Poloniex Stellar. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Poloniex Stellar USD has no effect on the direction of Poloniex Augur i.e. Poloniex Augur and Poloniex Stellar 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 Poloniex Stellar USD has generated negative risk-adjusted returns adding no value to investors with long positions.