Pair Correlation Between Poloniex Augur and CCEX HiCoin

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


Augur on Poloniex in USD
0.34  0.94%
Market Cap: 2.1 M


HiCoin on CCEX in USD
0.00  0.00%
Market Cap: 11.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Poloniex Augur USD is expected to generate 0.54 times more return on investment than CCEX HiCoin. However, Poloniex Augur USD is 1.85 times less risky than CCEX HiCoin. It trades about -0.04 of its potential returns per unit of risk. CCEX HiCoin USD is currently generating about -0.2 per unit of risk. If you would invest  4,300  in Poloniex Augur USD on February 22, 2018 and sell it today you would lose (652.00)  from holding Poloniex Augur USD or give up 15.16% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between Poloniex Augur and CCEX HiCoin


Time Period1 Month [change]
ValuesDaily Returns


Poor diversification

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

Comparative Volatility

 Predicted Return Density 

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.