Correlation Analysis Between Poloniex Augur and Yobit SysCoin

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

Poloniex Augur USD  vs.  Yobit SysCoin USD

Poloniex

Augur on Poloniex in USD
 0.00 
0.00  0.00%
Market Cap: 2.5 M
  

Yobit

SysCoin on Yobit in USD
 0.10 
0.0299  23.00%
Market Cap: 149
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  15.79  in Yobit SysCoin USD on June 20, 2018 and sell it today you would lose (5.78)  from holding Yobit SysCoin USD or give up 36.61% of portfolio value over 30 days.

Pair Corralation between Poloniex Augur and Yobit SysCoin

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 SysCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit SysCoin 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 SysCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit SysCoin USD has no effect on the direction of Poloniex Augur i.e. Poloniex Augur and Yobit SysCoin 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 SysCoin USD  
8 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit SysCoin USD are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days.

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