This module allows you to analyze existing cross correlation between Yobit BitstarCoin USD and Poloniex Augur USD. You can compare the effects of market volatilities on Yobit BitstarCoin and Poloniex Augur 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 Yobit BitstarCoin with a short position of Poloniex Augur. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit BitstarCoin
and Poloniex Augur
Yobit BitstarCoin USD vs. Poloniex Augur USD
Assuming 30 trading days horizon, Yobit BitstarCoin USD is expected to generate 5.75 times more return on investment than Poloniex Augur. However, Yobit BitstarCoin is 5.75 times more volatile than Poloniex Augur USD. It trades about 0.07 of its potential returns per unit of risk. Poloniex Augur USD is currently generating about 0.01 per unit of risk. If you would invest 3.27 in Yobit BitstarCoin USD on June 21, 2018 and sell it today you would lose (1.40) from holding Yobit BitstarCoin USD or give up 42.92% of portfolio value over 30 days.
Pair Corralation between Yobit BitstarCoin and Poloniex Augur
|Time Period||1 Month [change]|
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding Yobit BitstarCoin USD and Poloniex Augur USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Poloniex Augur USD and Yobit BitstarCoin 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 Yobit BitstarCoin USD are associated (or correlated) with Poloniex Augur. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Poloniex Augur USD has no effect on the direction of Yobit BitstarCoin i.e. Yobit BitstarCoin and Poloniex Augur go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit BitstarCoin USD are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days.
Over the last 30 days Poloniex Augur USD has generated negative risk-adjusted returns adding no value to investors with long positions.
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