Correlation Analysis Between Kraken Augur and LiveCoin Stratis

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

Comparative Performance

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.
LiveCoin Stratis USD  
0

Risk-Adjusted Performance

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

Kraken Augur and LiveCoin Stratis Volatility Contrast

 Predicted Return Density 
      Returns 

Kraken Augur USD  vs.  LiveCoin Stratis USD

Kraken

Augur on Kraken in USD

 5.79 
(0.03)  0.52%
Market Cap: 4.8 K
  

LiveCoin

Stratis on LiveCoin in USD

 0.61 
0.00  0.00%
Market Cap: 40.0
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Kraken Augur USD is expected to generate 0.6 times more return on investment than LiveCoin Stratis. However, Kraken Augur USD is 1.65 times less risky than LiveCoin Stratis. It trades about -0.18 of its potential returns per unit of risk. LiveCoin Stratis USD is currently generating about -0.13 per unit of risk. If you would invest  1,254  in Kraken Augur USD on November 16, 2018 and sell it today you would lose (681.00)  from holding Kraken Augur USD or give up 54.31% of portfolio value over 30 days.

Pair Corralation between Kraken Augur and LiveCoin Stratis

0.14
Time Period2 Months [change]
DirectionPositive 
StrengthInsignificant
Accuracy57.78%
ValuesDaily Returns

Diversification Opportunities for Kraken Augur and LiveCoin Stratis

Kraken Augur USD diversification synergy

Average diversification

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

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