Correlation Analysis Between P2PB2B Stellar and Kraken Augur

This module allows you to analyze existing cross correlation between P2PB2B Stellar USD and Kraken Augur USD. You can compare the effects of market volatilities on P2PB2B Stellar and Kraken 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 P2PB2B Stellar with a short position of Kraken Augur. See also your portfolio center. Please also check ongoing floating volatility patterns of P2PB2B Stellar and Kraken Augur.
Horizon     30 Days    Login   to change
Symbolsvs
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Comparative Performance

P2PB2B Stellar USD  
00

Risk-Adjusted Performance

Over the last 30 days P2PB2B Stellar USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Crypto's basic indicators remain somewhat strong which may send shares a bit higher in October 2019. The current disturbance may also be a sign of long term up-swing for the entity investors.
Kraken Augur USD  
00

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. Despite fragile performance in the last few months, the Crypto's basic indicators remain somewhat strong which may send shares a bit higher in October 2019. The current disturbance may also be a sign of long term up-swing for the entity investors.

P2PB2B Stellar and Kraken Augur Volatility Contrast

P2PB2B Stellar USD  vs.  Kraken Augur USD

P2PB2B

Stellar on P2PB2B in USD

 0.07 
(0.00363)  5.02%
Market Cap: 1 M
  

Kraken

Augur on Kraken in USD

 10.68 
(0.16)  1.48%
Market Cap: 85.1 K
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, P2PB2B Stellar USD is expected to under-perform the Kraken Augur. In addition to that, P2PB2B Stellar is 1.11 times more volatile than Kraken Augur USD. It trades about -0.71 of its total potential returns per unit of risk. Kraken Augur USD is currently generating about -0.71 per unit of volatility. If you would invest  1,084  in Kraken Augur USD on August 22, 2019 and sell it today you would lose (16.00)  from holding Kraken Augur USD or give up 1.48% of portfolio value over 30 days.

Pair Corralation between P2PB2B Stellar and Kraken Augur

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification Opportunities for P2PB2B Stellar and Kraken Augur

P2PB2B Stellar USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding P2PB2B Stellar USD and Kraken Augur USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Kraken Augur USD and P2PB2B Stellar 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 P2PB2B Stellar USD are associated (or correlated) with Kraken Augur. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kraken Augur USD has no effect on the direction of P2PB2B Stellar i.e. P2PB2B Stellar and Kraken Augur go up and down completely randomly.
See also your portfolio center. Please also try Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .


 
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