Correlation Analysis Between Poloniex Augur and LiveCoin CapriCoin

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

Poloniex Augur USD  vs.  LiveCoin CapriCoin USD

Poloniex

Augur on Poloniex in USD
 35.80 
1.44  4.19%
Market Cap: 9.8 M
  

LiveCoin

CapriCoin on LiveCoin in USD
 1.22 
0.02  1.61%
Market Cap: 802
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Poloniex Augur USD is expected to under-perform the LiveCoin CapriCoin. But the crypto apears to be less risky and, when comparing its historical volatility, Poloniex Augur USD is 1.47 times less risky than LiveCoin CapriCoin. The crypto trades about -0.17 of its potential returns per unit of risk. The LiveCoin CapriCoin USD is currently generating about 0.22 of returns per unit of risk over similar time horizon. If you would invest  76.01  in LiveCoin CapriCoin USD on May 20, 2018 and sell it today you would earn a total of  45.99  from holding LiveCoin CapriCoin USD or generate 60.51% return on investment over 30 days.

Pair Corralation between Poloniex Augur and LiveCoin CapriCoin

-0.3
Time Period1 Month [change]
DirectionNegative 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Very good diversification

Overlapping area represents the amount of risk that can be diversified away by holding Poloniex Augur USD and LiveCoin CapriCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin CapriCoin 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 CapriCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin CapriCoin USD has no effect on the direction of Poloniex Augur i.e. Poloniex Augur and LiveCoin CapriCoin 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 CapriCoin USD  
14 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin CapriCoin USD are ranked lower than 14 (%) of all global equities and portfolios over the last 30 days.

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See also your portfolio center. Please also try Piotroski F Score module to get piotroski f score based on binary analysis strategy of nine different fundamentals.