Pair Correlation Between Poloniex Augur and HitBTC Emercoin

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


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


Emercoin on HitBTC in USD
0.62  10.97%
Market Cap: 1.5 M
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Poloniex Augur is expected to generate 302.75 times less return on investment than HitBTC Emercoin. But when comparing it to its historical volatility, Poloniex Augur USD is 17.41 times less risky than HitBTC Emercoin. It trades about 0.01 of its potential returns per unit of risk. HitBTC Emercoin USD is currently generating about 0.2 of returns per unit of risk over similar time horizon. 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 Poloniex Augur and HitBTC Emercoin


Time Period1 Month [change]
ValuesDaily Returns


Poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding Poloniex Augur USD and HitBTC Emercoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on HitBTC Emercoin USD and Poloniex Augur 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 Augur USD are associated (or correlated) with HitBTC Emercoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of HitBTC Emercoin USD has no effect on the direction of Poloniex Augur i.e. Poloniex Augur and HitBTC Emercoin go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

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

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