Correlation Analysis Between CryptoCarbon CryptoCarbon and Kraken Augur

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

CryptoCarbon CryptoCarbon  
00

Risk-Adjusted Performance

Over the last 30 days CryptoCarbon CryptoCarbon USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, CryptoCarbon CryptoCarbon is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
Kraken Augur USD  
00

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. Despite somewhat fragile basic indicators, Kraken Augur sustained solid returns over the last few months and may actually be approaching a breakup point.

CryptoCarbon CryptoCarbon and Kraken Augur Volatility Contrast

CryptoCarbon CryptoCarbon USD  vs.  Kraken Augur USD

CryptoCarbon

CryptoCarbon on CryptoCarbon in USD

 0.07 
0.00  0.00%
Market Cap: 161
  

Kraken

Augur on Kraken in USD

 10.97 
0.58  5.58%
Market Cap: 85.1 K
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  1,039  in Kraken Augur USD on August 18, 2019 and sell it today you would earn a total of  31.00  from holding Kraken Augur USD or generate 2.98% return on investment over 30 days.

Pair Corralation between CryptoCarbon CryptoCarbon and Kraken Augur

0.0
Time Period3 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy50.0%
ValuesDaily Returns

Diversification Opportunities for CryptoCarbon CryptoCarbon and Kraken Augur

CryptoCarbon CryptoCarbon USD diversification synergy

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding CryptoCarbon CryptoCarbon USD 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 CryptoCarbon CryptoCarbon 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 CryptoCarbon CryptoCarbon 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 CryptoCarbon CryptoCarbon i.e. CryptoCarbon CryptoCarbon and Kraken Augur go up and down completely randomly.
See also your portfolio center. Please also try Chance of Distress module to get analysis of equity chance of financial distress in the next 2 years.


 
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