Pair Correlation Between Poloniex Augur and LiveCoin LEOcoin

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

Poloniex

Augur on Poloniex in USD
 31.99 
0.44  1.39%
Market Cap: 21.3 M

LiveCoin

LEOcoin on LiveCoin in USD
 0.24 
(0.00001)  0.0041%
Market Cap: 799
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Poloniex Augur USD is expected to generate 1.34 times more return on investment than LiveCoin LEOcoin. However, Poloniex Augur is 1.34 times more volatile than LiveCoin LEOcoin USD. It trades about 0.27 of its potential returns per unit of risk. LiveCoin LEOcoin USD is currently generating about -0.05 per unit of risk. If you would invest  1,812  in Poloniex Augur USD on November 13, 2017 and sell it today you would earn a total of  1,343  from holding Poloniex Augur USD or generate 74.12% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Poloniex Augur and LiveCoin LEOcoin
-0.3

Parameters

Time Period1 Month [change]
DirectionNegative 
StrengthInsignificant
Accuracy96.77%
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 LEOcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin LEOcoin 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 LEOcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin LEOcoin USD has no effect on the direction of Poloniex Augur i.e. Poloniex Augur and LiveCoin LEOcoin go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
      Returns 

Poloniex Augur USD

  
17 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Poloniex Augur USD are ranked lower than 17 (%) of all global equities and portfolios over the last 30 days.

Poloniex Augur USD

Pair trading matchups for Poloniex Augur

LiveCoin LEOcoin USD

  
0 

Risk-Adjusted Performance

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

LiveCoin LEOcoin USD

Pair trading matchups for LiveCoin LEOcoin