Correlation Analysis Between Yobit SibCoin and Poloniex Augur

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

Yobit SibCoin USD  vs.  Poloniex Augur USD

Yobit

SibCoin on Yobit in USD

 0.19 
0.0187  10.69%
Market Cap: 12.0
  

Poloniex

Augur on Poloniex in USD

 12.94 
0.20  1.57%
Market Cap: 201 K
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Yobit SibCoin USD is expected to under-perform the Poloniex Augur. In addition to that, Yobit SibCoin is 2.83 times more volatile than Poloniex Augur USD. It trades about -0.07 of its total potential returns per unit of risk. Poloniex Augur USD is currently generating about -0.11 per unit of volatility. If you would invest  1,428  in Poloniex Augur USD on September 20, 2018 and sell it today you would lose (134.00)  from holding Poloniex Augur USD or give up 9.38% of portfolio value over 30 days.

Pair Corralation between Yobit SibCoin and Poloniex Augur

0.39
Time Period1 Month [change]
DirectionPositive 
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns

Diversification

Weak diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
Yobit SibCoin USD  
0 

Risk-Adjusted Performance

Over the last 30 days Yobit SibCoin 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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