Pair Correlation Between LiveCoin BlueCoin and Poloniex Augur

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

LiveCoin

BlueCoin on LiveCoin in USD
 0.00647 
0.00034  4.99%
Market Cap: 83.0

Poloniex

Augur on Poloniex in USD
 43.18 
0.41  0.96%
Market Cap: 5 M
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin BlueCoin USD is expected to generate 2.86 times more return on investment than Poloniex Augur. However, LiveCoin BlueCoin is 2.86 times more volatile than Poloniex Augur USD. It trades about -0.04 of its potential returns per unit of risk. Poloniex Augur USD is currently generating about -0.43 per unit of risk. If you would invest  1.05  in LiveCoin BlueCoin USD on January 25, 2018 and sell it today you would lose (0.40)  from holding LiveCoin BlueCoin USD or give up 38.44% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between LiveCoin BlueCoin and Poloniex Augur
0.15

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 LiveCoin BlueCoin 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 LiveCoin BlueCoin 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 LiveCoin BlueCoin 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 LiveCoin BlueCoin i.e. LiveCoin BlueCoin and Poloniex Augur go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
      Returns 

LiveCoin BlueCoin USD

  
0 

Risk-Adjusted Performance

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

LiveCoin BlueCoin USD

Pair trading matchups for LiveCoin BlueCoin

Poloniex Augur USD

  
0 

Risk-Adjusted Performance

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

Poloniex Augur USD

Pair trading matchups for Poloniex Augur