This module allows you to analyze existing cross correlation between Poloniex Augur USD and Yobit Waves USD. You can compare the effects of market volatilities on Poloniex Augur and Yobit Waves 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 Yobit Waves. See also your portfolio center
. Please also check ongoing floating volatility patterns of Poloniex Augur
and Yobit Waves
Poloniex Augur USD vs Yobit Waves USD
Assuming 30 trading days horizon, Poloniex Augur is expected to generate 1.68 times less return on investment than Yobit Waves. In addition to that, Poloniex Augur is 1.06 times more volatile than Yobit Waves USD. It trades about 0.27 of its total potential returns per unit of risk. Yobit Waves USD is currently generating about 0.48 per unit of volatility. If you would invest 512 in Yobit Waves USD on November 13, 2017 and sell it today you would earn a total of 913 from holding Yobit Waves USD or generate 178.32% 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 Yobit Waves USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit Waves 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 Yobit Waves. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit Waves USD has no effect on the direction of Poloniex Augur i.e. Poloniex Augur and Yobit Waves go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Poloniex Augur USD are ranked lower than 17 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Waves USD are ranked lower than 31 (%) of all global equities and portfolios over the last 30 days.