Correlation Analysis Between Kraken Augur and Cexio Stellar

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

Kraken Augur USD  vs.  Cexio Stellar USD

Kraken

Augur on Kraken in USD

 6.44 
0.52  8.78%
Market Cap: 3.6 K
  

Cexio

Stellar on Cexio in USD

 0.11 
0.0009  0.81%
Market Cap: 22.7 K
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Kraken Augur USD is expected to generate 1.35 times more return on investment than Cexio Stellar. However, Kraken Augur is 1.35 times more volatile than Cexio Stellar USD. It trades about -0.15 of its potential returns per unit of risk. Cexio Stellar USD is currently generating about -0.24 per unit of risk. If you would invest  1,205  in Kraken Augur USD on November 13, 2018 and sell it today you would lose (561.00)  from holding Kraken Augur USD or give up 46.56% of portfolio value over 30 days.

Pair Corralation between Kraken Augur and Cexio Stellar

0.9
Time Period2 Months [change]
DirectionPositive 
StrengthVery Strong
Accuracy95.45%
ValuesDaily Returns

Diversification

Kraken Augur USD diversification synergy

Almost no diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
Kraken Augur USD  
0

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.
Cexio Stellar USD  
0

Risk-Adjusted Performance

Over the last 30 days Cexio Stellar USD has generated negative risk-adjusted returns adding no value to investors with long positions.

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GOOG - USA Stock
Alphabet
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ExchangeNASDAQ
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