Correlation Analysis Between Poloniex Augur and LiveCoin PutinCoin

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

Poloniex Augur USD  vs.  LiveCoin PutinCoin USD


Augur on Poloniex in USD
3.25  6.29%
Market Cap: 8.6 M


PutinCoin on LiveCoin in USD
0.00066  12.69%
Market Cap: 127
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Poloniex Augur USD is expected to generate 0.88 times more return on investment than LiveCoin PutinCoin. However, Poloniex Augur USD is 1.14 times less risky than LiveCoin PutinCoin. It trades about 0.1 of its potential returns per unit of risk. LiveCoin PutinCoin USD is currently generating about -0.14 per unit of risk. If you would invest  4,236  in Poloniex Augur USD on April 22, 2018 and sell it today you would earn a total of  607.00  from holding Poloniex Augur USD or generate 14.33% return on investment over 30 days.

Pair Corralation between Poloniex Augur and LiveCoin PutinCoin

Time Period1 Month [change]
ValuesDaily Returns


Pay attention

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

Comparative Volatility

 Predicted Return Density 
Poloniex Augur USD  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Poloniex Augur USD are ranked lower than 6 (%) of all global equities and portfolios over the last 30 days.
LiveCoin PutinCoin USD  

Risk-Adjusted Performance

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

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