Correlation Analysis Between Poloniex Augur and LiveCoin Adzcoin

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

Poloniex Augur USD  vs.  LiveCoin Adzcoin USD

Poloniex

Augur on Poloniex in USD

 12.74 
0.15  1.19%
Market Cap: 201 K
  

LiveCoin

Adzcoin on LiveCoin in USD

 0.0071 
0.00  0.00%
Market Cap: 4.0
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.71  in LiveCoin Adzcoin USD on September 20, 2018 and sell it today you would earn a total of  0.00  from holding LiveCoin Adzcoin USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Poloniex Augur and LiveCoin Adzcoin

0.24
Time Period1 Month [change]
DirectionPositive 
StrengthVery Weak
Accuracy8.7%
ValuesDaily Returns

Diversification

Modest diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
Poloniex Augur USD  
0 

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.
LiveCoin Adzcoin USD  
0 

Risk-Adjusted Performance

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

My Equities

My Current Equities and Potential Positions

View AllNext
GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1115.69

Thematic Opportunities

Explore Investment Opportunities

Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.


 
Search macroaxis.com