Correlation Analysis Between Yobit Global and Kraken Augur

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

Comparative Performance

Yobit Global Currency  
0

Risk-Adjusted Performance

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

Risk-Adjusted Performance

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

Yobit Global and Kraken Augur Volatility Contrast

 Predicted Return Density 
      Returns 

Yobit Global Currency Reserve   vs.  Kraken Augur USD

Yobit

Global Currency Reserve on Yobit in USD

 0.02501 
0.00  0.00%
Market Cap: 0
  

Kraken

Augur on Kraken in USD

 6.03 
0.11  1.86%
Market Cap: 3.6 K
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Yobit Global Currency Reserve USD is expected to under-perform the Kraken Augur. In addition to that, Yobit Global is 1.82 times more volatile than Kraken Augur USD. It trades about -0.27 of its total potential returns per unit of risk. Kraken Augur USD is currently generating about -0.18 per unit of volatility. If you would invest  1,205  in Kraken Augur USD on November 13, 2018 and sell it today you would lose (613.00)  from holding Kraken Augur USD or give up 50.87% of portfolio value over 30 days.

Pair Corralation between Yobit Global and Kraken Augur

0.69
Time Period2 Months [change]
DirectionPositive 
StrengthSignificant
Accuracy97.62%
ValuesDaily Returns

Diversification Opportunities for Yobit Global and Kraken Augur

Yobit Global Currency Reserve  diversification synergy

Poor diversification

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

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