Pair Correlation Between Kraken Augur and LiveCoin Hellenic

This module allows you to analyze existing cross correlation between Kraken Augur USD and LiveCoin Hellenic Coin USD. You can compare the effects of market volatilities on Kraken Augur and LiveCoin Hellenic 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 LiveCoin Hellenic. See also your portfolio center. Please also check ongoing floating volatility patterns of Kraken Augur and LiveCoin Hellenic.
 Time Horizon     30 Days    Login   to change
 Kraken Augur USD  vs   LiveCoin Hellenic Coin USD


Augur on Kraken in USD
1.76  5.45%
Market Cap: 666.2 K


Hellenic Coin on LiveCoin in USD
0.00119  30.36%
Market Cap: 26.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Kraken Augur USD is expected to generate 1.84 times more return on investment than LiveCoin Hellenic. However, Kraken Augur is 1.84 times more volatile than LiveCoin Hellenic Coin USD. It trades about 0.13 of its potential returns per unit of risk. LiveCoin Hellenic Coin USD is currently generating about -0.03 per unit of risk. If you would invest  2,052  in Kraken Augur USD on February 15, 2018 and sell it today you would earn a total of  1,194  from holding Kraken Augur USD or generate 58.19% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Kraken Augur and LiveCoin Hellenic


Time Period1 Month [change]
ValuesDaily Returns


Poor diversification

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

Comparative Volatility

 Predicted Return Density 

Kraken Augur USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Kraken Augur USD are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days.

LiveCoin Hellenic Coin


Risk-Adjusted Performance

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