Pair Correlation Between Poloniex Augur and Yobit BitCurrency

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


Augur on Poloniex in USD
0.79  2.85%
Market Cap: 2.1 M


BitCurrency on Yobit in USD
0.001  25.00%
Market Cap: 8.0
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Poloniex Augur USD is expected to under-perform the Yobit BitCurrency. But the crypto apears to be less risky and, when comparing its historical volatility, Poloniex Augur USD is 8.24 times less risky than Yobit BitCurrency. The crypto trades about -0.32 of its potential returns per unit of risk. The Yobit BitCurrency USD is currently generating about 0.17 of returns per unit of risk over similar time horizon. If you would invest  0.35  in Yobit BitCurrency USD on February 16, 2018 and sell it today you would earn a total of  0.05  from holding Yobit BitCurrency USD or generate 14.29% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Poloniex Augur and Yobit BitCurrency


Time Period1 Month [change]
ValuesDaily Returns


Good diversification

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

Comparative Volatility

 Predicted Return Density 

Poloniex Augur USD


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.

Yobit BitCurrency USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit BitCurrency USD are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days.