Pair Correlation Between Poloniex Augur and Yobit PoSWallet

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

Poloniex

Augur on Poloniex in USD
 34 
2.45  7.77%
Market Cap: 21.3 M

Yobit

PoSWallet on Yobit in USD
 0.25 
0.0317  14.42%
Market Cap: 1.0
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Poloniex Augur is expected to generate 2.89 times less return on investment than Yobit PoSWallet. But when comparing it to its historical volatility, Poloniex Augur USD is 4.87 times less risky than Yobit PoSWallet. It trades about 0.3 of its potential returns per unit of risk. Yobit PoSWallet USD is currently generating about 0.18 of returns per unit of risk over similar time horizon. If you would invest  14.26  in Yobit PoSWallet USD on November 13, 2017 and sell it today you would earn a total of  10.9  from holding Yobit PoSWallet USD or generate 76.44% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Poloniex Augur and Yobit PoSWallet
0.04

Parameters

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

Diversification

Significant diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 

Poloniex Augur USD

  
19 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Poloniex Augur USD are ranked lower than 19 (%) of all global equities and portfolios over the last 30 days.

Yobit PoSWallet USD

  
11 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit PoSWallet USD are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days.