This module allows you to analyze existing cross correlation between Poloniex Stellar USD and Yobit CometCoin USD. You can compare the effects of market volatilities on Poloniex Stellar and Yobit CometCoin 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 Stellar with a short position of Yobit CometCoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Poloniex Stellar and Yobit CometCoin.
Assuming 30 trading days horizon, Poloniex Stellar is expected to generate 2.91 times less return on investment than Yobit CometCoin. But when comparing it to its historical volatility, Poloniex Stellar USD is 2.11 times less risky than Yobit CometCoin. It trades about 0.23 of its potential returns per unit of risk. Yobit CometCoin USD is currently generating about 0.32 of returns per unit of risk over similar time horizon. If you would invest 4.77 in Yobit CometCoin USD on June 23, 2018 and sell it today you would earn a total of 5.73 from holding Yobit CometCoin USD or generate 119.94% return on investment over 30 days.
Pair Corralation between Poloniex Stellar and Yobit CometCoin
Overlapping area represents the amount of risk that can be diversified away by holding Poloniex Stellar USD and Yobit CometCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit CometCoin USD and Poloniex Stellar 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 Stellar USD are associated (or correlated) with Yobit CometCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit CometCoin USD has no effect on the direction of Poloniex Stellar i.e. Poloniex Stellar and Yobit CometCoin go up and down completely randomly.
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.