Correlation Analysis Between Poloniex Augur and Kraken Monero

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

Poloniex Augur USD  vs.  Kraken Monero USD

Poloniex

Augur on Poloniex in USD

 15.00 
1.50  11.11%
Market Cap: 201 K
  

Kraken

Monero on Kraken in USD

 107.55 
0.53  0.49%
Market Cap: 9.8 M
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Poloniex Augur USD is expected to generate 1.31 times more return on investment than Kraken Monero. However, Poloniex Augur is 1.31 times more volatile than Kraken Monero USD. It trades about 0.18 of its potential returns per unit of risk. Kraken Monero USD is currently generating about -0.09 per unit of risk. If you would invest  1,295  in Poloniex Augur USD on September 23, 2018 and sell it today you would earn a total of  205.00  from holding Poloniex Augur USD or generate 15.83% return on investment over 30 days.

Pair Corralation between Poloniex Augur and Kraken Monero

0.26
Time Period1 Month [change]
DirectionPositive 
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns

Diversification

Modest diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
Poloniex Augur USD  
12 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Poloniex Augur USD are ranked lower than 12 (%) of all global equities and portfolios over the last 30 days.
Kraken Monero USD  
0 

Risk-Adjusted Performance

Over the last 30 days Kraken Monero USD has generated negative risk-adjusted returns adding no value to investors with long positions.

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