Correlation Analysis Between Poloniex Stellar and Poloniex Augur

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

Poloniex Stellar USD  vs.  Poloniex Augur USD

Poloniex

Stellar on Poloniex in USD

 0.25 
0.0022  0.89%
Market Cap: 357.7 K
  

Poloniex

Augur on Poloniex in USD

 12.90 
0.75  5.49%
Market Cap: 778.3 K
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Poloniex Stellar USD is expected to generate 0.87 times more return on investment than Poloniex Augur. However, Poloniex Stellar USD is 1.15 times less risky than Poloniex Augur. It trades about 0.03 of its potential returns per unit of risk. Poloniex Augur USD is currently generating about -0.29 per unit of risk. If you would invest  23.84  in Poloniex Stellar USD on August 26, 2018 and sell it today you would earn a total of  0.04  from holding Poloniex Stellar USD or generate 0.17% return on investment over 30 days.

Pair Corralation between Poloniex Stellar and Poloniex Augur

0.51
Time Period1 Month [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 Stellar 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 Poloniex Stellar 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 Stellar 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 Poloniex Stellar i.e. Poloniex Stellar and Poloniex Augur go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
      Returns 
Poloniex Stellar USD  
1 

Risk-Adjusted Performance

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

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