Pair Correlation Between Poloniex Augur and HitBTC MaidSafe

This module allows you to analyze existing cross correlation between Poloniex Augur USD and HitBTC MaidSafe Coin USD. You can compare the effects of market volatilities on Poloniex Augur and HitBTC MaidSafe 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 HitBTC MaidSafe. See also your portfolio center. Please also check ongoing floating volatility patterns of Poloniex Augur and HitBTC MaidSafe.
Investment Horizon     30 Days    Login   to change
Symbolsvs
 Poloniex Augur USD  vs   HitBTC MaidSafe Coin USD

Poloniex

Augur on Poloniex in USD
 29.81 
(0.4)  1.32%
Market Cap: 21.3 M

HitBTC

MaidSafe Coin on HitBTC in USD
 0.44 
(0.0083)  1.87%
Market Cap: 24.3 K
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Poloniex Augur USD is expected to generate 1.26 times more return on investment than HitBTC MaidSafe. However, Poloniex Augur is 1.26 times more volatile than HitBTC MaidSafe Coin USD. It trades about 0.25 of its potential returns per unit of risk. HitBTC MaidSafe Coin USD is currently generating about 0.13 per unit of risk. If you would invest  1,801  in Poloniex Augur USD on November 11, 2017 and sell it today you would earn a total of  1,174  from holding Poloniex Augur USD or generate 65.19% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Poloniex Augur and HitBTC MaidSafe
0.81

Parameters

Time Period1 Month [change]
DirectionPositive 
StrengthStrong
Accuracy100.0%
ValuesDaily Returns

Diversification

Very poor diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 

Poloniex Augur USD

  
16 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Poloniex Augur USD are ranked lower than 16 (%) of all global equities and portfolios over the last 30 days.

HitBTC MaidSafe Coin

  
8 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in HitBTC MaidSafe Coin USD are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days.