Correlation Analysis Between Poloniex Augur and Yobit AudioCoin

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

Poloniex Augur USD  vs.  Yobit AudioCoin USD

Poloniex

Augur on Poloniex in USD

 13.37 
0.13  0.96%
Market Cap: 201 K
  

Yobit

AudioCoin on Yobit in USD

 0.0015 
0.0006  66.67%
Market Cap: 6.0
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Poloniex Augur is expected to generate 18.15 times less return on investment than Yobit AudioCoin. But when comparing it to its historical volatility, Poloniex Augur USD is 6.76 times less risky than Yobit AudioCoin. It trades about 0.07 of its potential returns per unit of risk. Yobit AudioCoin USD is currently generating about 0.19 of returns per unit of risk over similar time horizon. If you would invest  0.09  in Yobit AudioCoin USD on September 23, 2018 and sell it today you would earn a total of  0.06  from holding Yobit AudioCoin USD or generate 66.67% return on investment over 30 days.

Pair Corralation between Poloniex Augur and Yobit AudioCoin

0.39
Time Period1 Month [change]
DirectionPositive 
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns

Diversification

Weak diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
Poloniex Augur USD  
4 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Poloniex Augur USD are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days.
Yobit AudioCoin USD  
12 

Risk-Adjusted Performance

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

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