Correlation Analysis Between Poloniex Augur and Yobit Reddcoin

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

Poloniex Augur USD  vs.  Yobit Reddcoin USD

Poloniex

Augur on Poloniex in USD

 0.00 
0.00  0.00%
Market Cap: 201 K
  

Yobit

Reddcoin on Yobit in USD

 0.003494 
0.000244  7.51%
Market Cap: 4.0
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.00  in Poloniex Augur USD on September 18, 2018 and sell it today you would earn a total of  0.00  from holding Poloniex Augur USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Poloniex Augur and Yobit Reddcoin

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.55%
ValuesDaily Returns

Diversification

Pay attention

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

Comparative Volatility

Poloniex Augur USD  
0 

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.
Yobit Reddcoin USD  
0 

Risk-Adjusted Performance

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

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See also your portfolio center. Please also try Cryptocurrency Correlation module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins and exchanges.


 
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