Correlation Analysis Between Yobit ClubCoin and Poloniex Augur

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

Yobit ClubCoin USD  vs.  Poloniex Augur USD

Yobit

ClubCoin on Yobit in USD
 0.32 
0.0001  0.0312%
Market Cap: 64.0
  

Poloniex

Augur on Poloniex in USD
 18.61 
0.93  5.26%
Market Cap: 4.4 M
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Yobit ClubCoin USD is expected to generate 1.85 times more return on investment than Poloniex Augur. However, Yobit ClubCoin is 1.85 times more volatile than Poloniex Augur USD. It trades about -0.05 of its potential returns per unit of risk. Poloniex Augur USD is currently generating about -0.21 per unit of risk. If you would invest  50.00  in Yobit ClubCoin USD on July 20, 2018 and sell it today you would lose (18.00)  from holding Yobit ClubCoin USD or give up 36.0% of portfolio value over 30 days.

Pair Corralation between Yobit ClubCoin and Poloniex Augur

0.76
Time Period1 Month [change]
DirectionPositive 
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Poor diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
Yobit ClubCoin USD  
0 

Risk-Adjusted Performance

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

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