Correlation Analysis Between Poloniex Augur and Poloniex Stellar

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

Poloniex Augur USD  vs.  Poloniex Stellar USD

Poloniex

Augur on Poloniex in USD
 30.37 
0.52  1.68%
Market Cap: 2.5 M
  

Poloniex

Stellar on Poloniex in USD
 0.30 
0.0122  4.26%
Market Cap: 675.5 K
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Poloniex Augur USD is expected to under-perform the Poloniex Stellar. In addition to that, Poloniex Augur is 1.05 times more volatile than Poloniex Stellar USD. It trades about -0.11 of its total potential returns per unit of risk. Poloniex Stellar USD is currently generating about 0.19 per unit of volatility. If you would invest  23.00  in Poloniex Stellar USD on June 19, 2018 and sell it today you would earn a total of  8.07  from holding Poloniex Stellar USD or generate 35.09% return on investment over 30 days.

Pair Corralation between Poloniex Augur and Poloniex Stellar

-0.43
Time Period1 Month [change]
DirectionNegative 
StrengthVery Weak
Accuracy73.33%
ValuesDaily Returns

Diversification

Very good diversification

Overlapping area represents the amount of risk that can be diversified away by holding Poloniex Augur USD and Poloniex Stellar USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Poloniex Stellar 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 Poloniex Stellar. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Poloniex Stellar USD has no effect on the direction of Poloniex Augur i.e. Poloniex Augur and Poloniex Stellar 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.
Poloniex Stellar USD  
12 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Poloniex Stellar USD are ranked lower than 12 (%) of all global equities and portfolios over the last 30 days.

My Equities

My Current Equities and Potential Positions
View AllNext
GOOG - USA Stock
Alphabet
Specialization
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1187.39

Thematic Opportunities

Explore Investment Opportunities
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Coins and Tokens Correlation module to utilize digital token correlation table to build portfolio of cryptocurrencies across multiple exchanges.