Pair Correlation Between Poloniex Augur and Yobit GeoCoin

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

Poloniex

Augur on Poloniex in USD
 67.34 
(21.49)  24.19%
Market Cap: 183.8 M

Yobit

GeoCoin on Yobit in USD
 7.7 
0.7  10%
Market Cap: 771
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Poloniex Augur is expected to generate 32.26 times less return on investment than Yobit GeoCoin. But when comparing it to its historical volatility, Poloniex Augur USD is 16.34 times less risky than Yobit GeoCoin. It trades about 0.11 of its potential returns per unit of risk. Yobit GeoCoin USD is currently generating about 0.22 of returns per unit of risk over similar time horizon. If you would invest  110  in Yobit GeoCoin USD on December 17, 2017 and sell it today you would earn a total of  590  from holding Yobit GeoCoin USD or generate 536.36% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Poloniex Augur and Yobit GeoCoin
0.2

Parameters

Time Period1 Month [change]
DirectionPositive 
StrengthVery Weak
Accuracy96.77%
ValuesDaily Returns

Diversification

Modest diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 

Poloniex Augur USD

  
7 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Poloniex Augur USD are ranked lower than 7 (%) of all global equities and portfolios over the last 30 days.

Yobit GeoCoin USD

  
14 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit GeoCoin USD are ranked lower than 14 (%) of all global equities and portfolios over the last 30 days.