Correlation Analysis Between Poloniex Augur and Yobit Pakcoin

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

Poloniex Augur USD  vs.  Yobit Pakcoin USD

Poloniex

Augur on Poloniex in USD
 53.50 
0.02  0.0374%
Market Cap: 8.6 M
  

Yobit

Pakcoin on Yobit in USD
 0.007 
0.0001  1.41%
Market Cap: 0
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Poloniex Augur USD is expected to generate 0.95 times more return on investment than Yobit Pakcoin. However, Poloniex Augur USD is 1.05 times less risky than Yobit Pakcoin. It trades about 0.19 of its potential returns per unit of risk. Yobit Pakcoin USD is currently generating about 0.11 per unit of risk. If you would invest  3,873  in Poloniex Augur USD on April 20, 2018 and sell it today you would earn a total of  1,477  from holding Poloniex Augur USD or generate 38.14% return on investment over 30 days.

Pair Corralation between Poloniex Augur and Yobit Pakcoin

-0.27
Time Period1 Month [change]
DirectionNegative 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Very good diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
Poloniex Augur USD  
12 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Poloniex Augur USD are ranked lower than 12 (%) of all global equities and portfolios over the last 30 days.
Yobit Pakcoin USD  
7 

Risk-Adjusted Performance

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

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