Pair Correlation Between Yobit LeaCoin and Poloniex Augur

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


LeaCoin on Yobit in USD
0.000197  16.43%
Market Cap: 12.0


Augur on Poloniex in USD
0.34  0.94%
Market Cap: 2.1 M
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit LeaCoin USD is expected to generate 2.1 times more return on investment than Poloniex Augur. However, Yobit LeaCoin is 2.1 times more volatile than Poloniex Augur USD. It trades about 0.24 of its potential returns per unit of risk. Poloniex Augur USD is currently generating about -0.04 per unit of risk. If you would invest  0.11  in Yobit LeaCoin USD on February 22, 2018 and sell it today you would earn a total of  0.01  from holding Yobit LeaCoin USD or generate 8.9% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Yobit LeaCoin and Poloniex Augur


Time Period1 Month [change]
ValuesDaily Returns


Average diversification

Overlapping area represents the amount of risk that can be diversified away by holding Yobit LeaCoin 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 LeaCoin 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 LeaCoin 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 LeaCoin i.e. Yobit LeaCoin and Poloniex Augur go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

Poloniex Augur USD


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.