Pair Correlation Between Yobit Golem and Poloniex Augur

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

Yobit Golem Network Token USD  vs.  Poloniex Augur USD

Yobit

Golem Network Token on Yobit in USD
 0.64 
0.0902  16.40%
Market Cap: 310
  

Poloniex

Augur on Poloniex in USD
 42.36 
1.27  2.91%
Market Cap: 14.4 M
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Yobit Golem Network Token USD is expected to generate 2.5 times more return on investment than Poloniex Augur. However, Yobit Golem is 2.5 times more volatile than Poloniex Augur USD. It trades about 0.13 of its potential returns per unit of risk. Poloniex Augur USD is currently generating about 0.04 per unit of risk. If you would invest  37.00  in Yobit Golem Network Token USD on March 26, 2018 and sell it today you would earn a total of  27.03  from holding Yobit Golem Network Token USD or generate 73.05% return on investment over 30 days.

Pair Corralation between Yobit Golem and Poloniex Augur

0.6
Time Period2 Months [change]
DirectionPositive 
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Poor diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
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.
Poloniex Augur USD  
2 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Poloniex Augur USD are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days.

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