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
 0.96 
0.13  15.66%
Market Cap: 395

Poloniex

Augur on Poloniex in USD
 72 
10  16.13%
Market Cap: 50.3 M
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Yobit Golem Network Token USD is expected to generate 1.25 times more return on investment than Poloniex Augur. However, Yobit Golem is 1.25 times more volatile than Poloniex Augur USD. It trades about 0.18 of its potential returns per unit of risk. Poloniex Augur USD is currently generating about 0.02 per unit of risk. If you would invest  62  in Yobit Golem Network Token USD on December 20, 2017 and sell it today you would earn a total of  34  from holding Yobit Golem Network Token USD or generate 54.84% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Yobit Golem and Poloniex Augur
0.47

Parameters

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 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

  
11 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Golem Network Token USD are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days.

Yobit Golem Network Token USD

Pair trading matchups for Yobit Golem

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.

Poloniex Augur USD

Pair trading matchups for Poloniex Augur