Pair Correlation Between Poloniex Augur and HitBTC NEM

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


Augur on Poloniex in USD
(2)  2.9%
Market Cap: 50.3 M


NEM on HitBTC in USD
0.0489  5.24%
Market Cap: 83.1 K
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Poloniex Augur is expected to generate 58.33 times less return on investment than HitBTC NEM. But when comparing it to its historical volatility, Poloniex Augur USD is 1.48 times less risky than HitBTC NEM. It trades about 0.0 of its potential returns per unit of risk. HitBTC NEM USD is currently generating about 0.09 of returns per unit of risk over similar time horizon. If you would invest  88.72  in HitBTC NEM USD on December 19, 2017 and sell it today you would earn a total of  4.53  from holding HitBTC NEM USD or generate 5.11% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Poloniex Augur and HitBTC NEM


Time Period1 Month [change]
StrengthVery Weak
ValuesDaily Returns


Weak diversification

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

Poloniex Augur USD

Pair trading matchups for Poloniex Augur



Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in HitBTC NEM USD are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days.


Pair trading matchups for HitBTC NEM