Correlation Analysis Between EXRATES EDC and Kraken Augur

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

EXRATES EDC Blockchain  
00

Risk-Adjusted Performance

Over the last 30 days EXRATES EDC Blockchain USD has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of relatively invariable forward-looking signals, EXRATES EDC is not utilizing all of its potentials. The prevalent stock price agitation, may contribute to short term losses for the management.
Kraken Augur USD  
00

Risk-Adjusted Performance

Over the last 30 days Kraken Augur USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Crypto's basic indicators remain somewhat strong which may send shares a bit higher in October 2019. The current disturbance may also be a sign of long term up-swing for the entity investors.

EXRATES EDC and Kraken Augur Volatility Contrast

EXRATES EDC Blockchain USD  vs.  Kraken Augur USD

EXRATES

EDC Blockchain on EXRATES in USD

 0.005589 
(0.000012)  0.21%
Market Cap: 3.3 K
  

Kraken

Augur on Kraken in USD

 10.62 
0.14  1.34%
Market Cap: 85.1 K
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, EXRATES EDC Blockchain USD is expected to generate 0.05 times more return on investment than Kraken Augur. However, EXRATES EDC Blockchain USD is 18.74 times less risky than Kraken Augur. It trades about 0.71 of its potential returns per unit of risk. Kraken Augur USD is currently generating about -0.71 per unit of risk. If you would invest  0.56  in EXRATES EDC Blockchain USD on August 20, 2019 and sell it today you would earn a total of  0.00  from holding EXRATES EDC Blockchain USD or generate 0.04% return on investment over 30 days.

Pair Corralation between EXRATES EDC and Kraken Augur

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for EXRATES EDC and Kraken Augur

EXRATES EDC Blockchain USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding EXRATES EDC Blockchain USD and Kraken Augur USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Kraken Augur USD and EXRATES EDC 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 EXRATES EDC Blockchain USD are associated (or correlated) with Kraken Augur. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kraken Augur USD has no effect on the direction of EXRATES EDC i.e. EXRATES EDC and Kraken Augur go up and down completely randomly.
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