Pair Correlation Between Yobit Cerium and Poloniex Augur

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

Yobit Cerium USD  vs.  Poloniex Augur USD


Cerium on Yobit in USD
0.005842  42.39%
Market Cap: 0


Augur on Poloniex in USD
1.21  3.13%
Market Cap: 14.4 M
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit Cerium USD is expected to generate 5.18 times more return on investment than Poloniex Augur. However, Yobit Cerium is 5.18 times more volatile than Poloniex Augur USD. It trades about 0.13 of its potential returns per unit of risk. Poloniex Augur USD is currently generating about 0.01 per unit of risk. If you would invest  1.70  in Yobit Cerium USD on March 23, 2018 and sell it today you would lose (0.32)  from holding Yobit Cerium USD or give up 18.94% of portfolio value over 30 days.

Pair Corralation between Yobit Cerium and Poloniex Augur

Time Period2 Months [change]
StrengthVery Weak
ValuesDaily Returns


Very good diversification

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

Comparative Volatility

 Predicted Return Density 
Yobit Cerium USD  

Risk-Adjusted Performance

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

My Equities

My Current Equities and Potential Positions
View AllNext
GOOG - USA Stock
IT, Search Cloud And Integrated IT Services
Business Address1600 Amphitheatre Parkway

Thematic Opportunities

Explore Investment Opportunities
Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked.
Explore Thematic Ideas
Explore Investing Ideas  
See also your portfolio center. Please also try Companies Directory module to evaluate performance of over 100,000 stocks, funds, and etfs against different fundamentals.