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.
Horizon     30 Days    Login   to change
Symbolsvs

Poloniex Augur USD  vs.  LiveCoin CapriCoin USD

Poloniex

Augur on Poloniex in USD

 12.45 
0.16  1.27%
Market Cap: 730.6 K
  

LiveCoin

CapriCoin on LiveCoin in USD

 0.93 
0.00  0.00%
Market Cap: 211
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Poloniex Augur USD is expected to under-perform the LiveCoin CapriCoin. In addition to that, Poloniex Augur is 1.52 times more volatile than LiveCoin CapriCoin USD. It trades about -0.31 of its total potential returns per unit of risk. LiveCoin CapriCoin USD is currently generating about -0.33 per unit of volatility. If you would invest  123.00  in LiveCoin CapriCoin USD on August 21, 2018 and sell it today you would lose (30.43)  from holding LiveCoin CapriCoin USD or give up 24.74% of portfolio value over 30 days.

Pair Corralation between Poloniex Augur and LiveCoin CapriCoin

0.78
Time Period1 Month [change]
DirectionPositive 
StrengthSignificant
Accuracy90.91%
ValuesDaily Returns

Diversification

Poor 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  
0 

Risk-Adjusted Performance

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

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