Correlation Analysis Between Poloniex Augur and Yobit Rimbit

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

Poloniex Augur USD  vs.  Yobit Rimbit USD

Poloniex

Augur on Poloniex in USD
 28.31 
0.25  0.88%
Market Cap: 2.5 M
  

Yobit

Rimbit on Yobit in USD
 0.00124 
0.000321  20.56%
Market Cap: 1.0
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Poloniex Augur USD is expected to under-perform the Yobit Rimbit. But the crypto apears to be less risky and, when comparing its historical volatility, Poloniex Augur USD is 2.51 times less risky than Yobit Rimbit. The crypto trades about -0.17 of its potential returns per unit of risk. The Yobit Rimbit USD is currently generating about 0.01 of returns per unit of risk over similar time horizon. If you would invest  0.19  in Yobit Rimbit USD on June 16, 2018 and sell it today you would lose (0.04)  from holding Yobit Rimbit USD or give up 19.45% of portfolio value over 30 days.

Pair Corralation between Poloniex Augur and Yobit Rimbit

0.4
Time Period1 Month [change]
DirectionPositive 
StrengthWeak
Accuracy100.0%
ValuesDaily Returns

Diversification

Very weak diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
Poloniex Augur USD  
0 

Risk-Adjusted Performance

Over the last 30 days Poloniex Augur USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Yobit Rimbit USD  
0 

Risk-Adjusted Performance

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

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