Correlation Analysis Between Yobit MaxCoin and Poloniex Augur

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

Yobit MaxCoin USD  vs.  Poloniex Augur USD

Yobit

MaxCoin on Yobit in USD

 0.035 
0.01  40.00%
Market Cap: 0
  

Poloniex

Augur on Poloniex in USD

 12.83 
0.08  0.62%
Market Cap: 201 K
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Yobit MaxCoin USD is expected to generate 7.57 times more return on investment than Poloniex Augur. However, Yobit MaxCoin is 7.57 times more volatile than Poloniex Augur USD. It trades about 0.12 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  3.00  in Yobit MaxCoin USD on September 16, 2018 and sell it today you would earn a total of  0.50  from holding Yobit MaxCoin USD or generate 16.67% return on investment over 30 days.

Pair Corralation between Yobit MaxCoin and Poloniex Augur

0.15
Time Period1 Month [change]
DirectionPositive 
StrengthInsignificant
Accuracy95.45%
ValuesDaily Returns

Diversification

Average diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
Yobit MaxCoin USD  
8 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit MaxCoin 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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