This module allows you to analyze existing cross correlation between Yobit Decred USD and Poloniex Augur USD. You can compare the effects of market volatilities on Yobit Decred 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 Decred with a short position of Poloniex Augur. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit Decred
and Poloniex Augur
Yobit Decred USD vs Poloniex Augur USD
Assuming 30 trading days horizon, Yobit Decred is expected to generate 9.01 times less return on investment than Poloniex Augur. But when comparing it to its historical volatility, Yobit Decred USD is 1.39 times less risky than Poloniex Augur. It trades about 0.02 of its potential returns per unit of risk. Poloniex Augur USD is currently generating about 0.11 of returns per unit of risk over similar time horizon. If you would invest 5,690 in Poloniex Augur USD on December 18, 2017 and sell it today you would earn a total of 1,058 from holding Poloniex Augur USD or generate 18.59% return on investment over 30 days.
|Time Period||1 Month [change]|
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding Yobit Decred 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 Decred 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 Decred 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 Decred i.e. Yobit Decred and Poloniex Augur go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Decred USD are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Poloniex Augur USD are ranked lower than 6 (%) of all global equities and portfolios over the last 30 days.