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.
 Time Horizon     30 Days    Login   to change
Symbolsvs
 Poloniex Augur USD  vs   LiveCoin LEOcoin USD

Poloniex

Augur on Poloniex in USD
 54.07 
0.54  1.01%
Market Cap: 40.2 M

LiveCoin

LEOcoin on LiveCoin in USD
 0.29 
0.0005  0.17%
Market Cap: 1.2 K
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Poloniex Augur USD is expected to under-perform the LiveCoin LEOcoin. In addition to that, Poloniex Augur is 1.46 times more volatile than LiveCoin LEOcoin USD. It trades about -0.25 of its total potential returns per unit of risk. LiveCoin LEOcoin USD is currently generating about 0.13 per unit of volatility. If you would invest  25.47  in LiveCoin LEOcoin USD on January 20, 2018 and sell it today you would earn a total of  3.17  from holding LiveCoin LEOcoin USD or generate 12.45% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Poloniex Augur and LiveCoin LEOcoin
0.65

Parameters

Time Period1 Month [change]
DirectionPositive 
StrengthSignificant
Accuracy96.77%
ValuesDaily Returns

Diversification

Poor 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

  
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 LEOcoin USD

  
8 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LiveCoin LEOcoin USD are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days.