Correlation Analysis Between Poloniex Augur and Yobit StartCoin

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

Poloniex Augur USD  vs.  Yobit StartCoin USD

Poloniex

Augur on Poloniex in USD

 12.56 
0.01  0.08%
Market Cap: 201 K
  

Yobit

StartCoin on Yobit in USD

 0.00 
0.00  0.00%
Market Cap: 0
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.00  in Yobit StartCoin USD on September 19, 2018 and sell it today you would earn a total of  0.00  from holding Yobit StartCoin USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Poloniex Augur and Yobit StartCoin

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy4.35%
ValuesDaily Returns

Diversification

Pay attention

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

Comparative Volatility

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 StartCoin USD  
0 

Risk-Adjusted Performance

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

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