This module allows you to analyze existing cross correlation between Yobit DarkGold USD and Kraken Augur USD. You can compare the effects of market volatilities on Yobit DarkGold and Kraken 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 DarkGold with a short position of Kraken Augur. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit DarkGold
and Kraken Augur
Yobit DarkGold USD vs Kraken Augur USD
Assuming 30 trading days horizon, Yobit DarkGold is expected to generate 1.43 times less return on investment than Kraken Augur. But when comparing it to its historical volatility, Yobit DarkGold USD is 1.34 times less risky than Kraken Augur. It trades about 0.12 of its potential returns per unit of risk. Kraken Augur USD is currently generating about 0.13 of returns per unit of risk over similar time horizon. If you would invest 2,052 in Kraken Augur USD on February 15, 2018 and sell it today you would earn a total of 1,011 from holding Kraken Augur USD or generate 49.27% 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 DarkGold USD and Kraken Augur USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Kraken Augur USD and Yobit DarkGold 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 DarkGold USD are associated (or correlated) with Kraken Augur. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kraken Augur USD has no effect on the direction of Yobit DarkGold i.e. Yobit DarkGold and Kraken Augur go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit DarkGold USD are ranked lower than 7 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Kraken Augur USD are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days.