Pair Correlation Between Poloniex Augur and Yobit Golem

This module allows you to analyze existing cross correlation between Poloniex Augur USD and Yobit Golem Network Token USD. You can compare the effects of market volatilities on Poloniex Augur and Yobit Golem 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 Yobit Golem. See also your portfolio center. Please also check ongoing floating volatility patterns of Poloniex Augur and Yobit Golem.
 Time Horizon     30 Days    Login   to change
Symbolsvs

Poloniex Augur USD  vs.  Yobit Golem Network Token USD

Poloniex

Augur on Poloniex in USD
 40.15 
1.42  3.67%
Market Cap: 14.4 M
  

Yobit

Golem Network Token on Yobit in USD
 0.55 
0.001  0.18%
Market Cap: 310
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Poloniex Augur is expected to generate 17.6 times less return on investment than Yobit Golem. But when comparing it to its historical volatility, Poloniex Augur USD is 2.54 times less risky than Yobit Golem. It trades about 0.02 of its potential returns per unit of risk. Yobit Golem Network Token USD is currently generating about 0.13 of returns per unit of risk over similar time horizon. If you would invest  31.20  in Yobit Golem Network Token USD on March 23, 2018 and sell it today you would earn a total of  23.42  from holding Yobit Golem Network Token USD or generate 75.06% return on investment over 30 days.

Pair Corralation between Poloniex Augur and Yobit Golem

0.46
Time Period2 Months [change]
DirectionPositive 
StrengthWeak
Accuracy100.0%
ValuesDaily Returns

Diversification

Very weak diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
Poloniex Augur USD  
1 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Poloniex Augur USD are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days.
Yobit Golem Network  
8 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Golem Network Token USD are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days.

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ExchangeNASDAQ
$1072.96

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