Pair Correlation Between HitBTC Emercoin and Poloniex Augur

This module allows you to analyze existing cross correlation between HitBTC Emercoin USD and Poloniex Augur USD. You can compare the effects of market volatilities on HitBTC Emercoin 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 HitBTC Emercoin with a short position of Poloniex Augur. See also your portfolio center. Please also check ongoing floating volatility patterns of HitBTC Emercoin and Poloniex Augur.
 Time Horizon     30 Days    Login   to change
 HitBTC Emercoin USD  vs   Poloniex Augur USD


Emercoin on HitBTC in USD
(0.05)  0.88%
Market Cap: 1.5 M


Augur on Poloniex in USD
10.09  17.13%
Market Cap: 50.3 M
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, HitBTC Emercoin USD is expected to generate 17.41 times more return on investment than Poloniex Augur. However, HitBTC Emercoin is 17.41 times more volatile than Poloniex Augur USD. It trades about 0.2 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  0.00  in HitBTC Emercoin USD on December 19, 2017 and sell it today you would earn a total of  565  from holding HitBTC Emercoin USD or generate 9.223372036854776E16% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between HitBTC Emercoin and Poloniex Augur


Time Period1 Month [change]
ValuesDaily Returns


Poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding HitBTC Emercoin 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 HitBTC Emercoin 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 HitBTC Emercoin 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 HitBTC Emercoin i.e. HitBTC Emercoin and Poloniex Augur go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

HitBTC Emercoin USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in HitBTC Emercoin USD are ranked lower than 13 (%) of all global equities and portfolios over the last 30 days.

HitBTC Emercoin USD

Pair trading matchups for HitBTC Emercoin

Poloniex Augur USD


Risk-Adjusted Performance

Over the last 30 days Poloniex Augur USD has generated negative risk-adjusted returns adding no value to investors with long positions.

Poloniex Augur USD

Pair trading matchups for Poloniex Augur