Correlation Analysis Between Poloniex Augur and Yobit EDRCoin

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

Poloniex Augur USD  vs.  Yobit EDRCoin USD

Poloniex

Augur on Poloniex in USD

 13.37 
0.63  4.95%
Market Cap: 201 K
  

Yobit

EDRCoin on Yobit in USD

 0.08 
0.00013  0.17%
Market Cap: 27.0
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Poloniex Augur USD is expected to generate 0.43 times more return on investment than Yobit EDRCoin. However, Poloniex Augur USD is 2.34 times less risky than Yobit EDRCoin. It trades about 0.06 of its potential returns per unit of risk. Yobit EDRCoin USD is currently generating about -0.02 per unit of risk. If you would invest  1,295  in Poloniex Augur USD on September 22, 2018 and sell it today you would earn a total of  42.00  from holding Poloniex Augur USD or generate 3.24% return on investment over 30 days.

Pair Corralation between Poloniex Augur and Yobit EDRCoin

-0.15
Time Period1 Month [change]
DirectionNegative 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Good diversification

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

Risk-Adjusted Performance

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

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