Pair Correlation Between Poloniex Augur and Yobit BitCrystal

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

Poloniex

Augur on Poloniex in USD
 42.9 
0.5  1.18%
Market Cap: 96.5 M

Yobit

BitCrystal on Yobit in USD
 0.000398 
0.000088  28.39%
Market Cap: 169
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Poloniex Augur is expected to generate 6.35 times less return on investment than Yobit BitCrystal. But when comparing it to its historical volatility, Poloniex Augur USD is 11.12 times less risky than Yobit BitCrystal. It trades about 0.34 of its potential returns per unit of risk. Yobit BitCrystal USD is currently generating about 0.2 of returns per unit of risk over similar time horizon. If you would invest  0.1  in Yobit BitCrystal USD on November 17, 2017 and sell it today you would lose (0.07)  from holding Yobit BitCrystal USD or give up 70.0% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between Poloniex Augur and Yobit BitCrystal
0.31

Parameters

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 BitCrystal USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit BitCrystal 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 BitCrystal. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit BitCrystal USD has no effect on the direction of Poloniex Augur i.e. Poloniex Augur and Yobit BitCrystal go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
      Returns 

Poloniex Augur USD

  
22 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Poloniex Augur USD are ranked lower than 22 (%) of all global equities and portfolios over the last 30 days.

Yobit BitCrystal USD

  
12 

Risk-Adjusted Performance

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