Pair Correlation Between LiveCoin CapriCoin and Poloniex Augur

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


CapriCoin on LiveCoin in USD
0.085  29.82%
Market Cap: 151


Augur on Poloniex in USD
0.66  1.96%
Market Cap: 2.1 M
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, LiveCoin CapriCoin USD is expected to generate 2.2 times more return on investment than Poloniex Augur. However, LiveCoin CapriCoin is 2.2 times more volatile than Poloniex Augur USD. It trades about 0.02 of its potential returns per unit of risk. Poloniex Augur USD is currently generating about -0.09 per unit of risk. If you would invest  48.14  in LiveCoin CapriCoin USD on February 21, 2018 and sell it today you would lose (11.14)  from holding LiveCoin CapriCoin USD or give up 23.14% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between LiveCoin CapriCoin and Poloniex Augur


Time Period1 Month [change]
StrengthVery Strong
ValuesDaily Returns


Almost no diversification

Overlapping area represents the amount of risk that can be diversified away by holding LiveCoin CapriCoin 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 CapriCoin 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 CapriCoin 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 CapriCoin i.e. LiveCoin CapriCoin and Poloniex Augur go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

LiveCoin CapriCoin USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin CapriCoin USD are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days.

Poloniex Augur USD


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.