Pair Correlation Between Yobit Ratecoin and Poloniex Augur

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

Yobit

Ratecoin on Yobit in USD
 0.0168 
(0.0012)  6.67%
Market Cap: 12.0

Poloniex

Augur on Poloniex in USD
 94 
13  16.05%
Market Cap: 50.3 M
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Yobit Ratecoin USD is expected to generate 17.56 times more return on investment than Poloniex Augur. However, Yobit Ratecoin is 17.56 times more volatile than Poloniex Augur USD. It trades about 0.24 of its potential returns per unit of risk. Poloniex Augur USD is currently generating about 0.08 per unit of risk. If you would invest  0.5  in Yobit Ratecoin USD on December 21, 2017 and sell it today you would earn a total of  1.3  from holding Yobit Ratecoin USD or generate 260.0% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Yobit Ratecoin and Poloniex Augur
0.14

Parameters

Time Period1 Month [change]
DirectionPositive 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Average diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 

Yobit Ratecoin USD

  
16 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Ratecoin USD are ranked lower than 16 (%) of all global equities and portfolios over the last 30 days.

Yobit Ratecoin USD

Pair trading matchups for Yobit Ratecoin

Poloniex Augur USD

  
5 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Poloniex Augur USD are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days.

Poloniex Augur USD

Pair trading matchups for Poloniex Augur