Correlation Analysis Between Kraken Augur and Bitfinex Recovery

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

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.
Bitfinex Recovery Right  
00

Risk-Adjusted Performance

Over the last 30 days Bitfinex Recovery Right Tokens USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental drivers, Bitfinex Recovery is not utilizing all of its potentials. The prevalent stock price tumult, may contribute to shorter-term losses for the shareholders.

Kraken Augur and Bitfinex Recovery Volatility Contrast

Kraken Augur USD  vs.  Bitfinex Recovery Right Tokens

Kraken

Augur on Kraken in USD

 10.70 
0.31  2.98%
Market Cap: 85.1 K
  

Bitfinex

Recovery Right Tokens on Bitfinex in USD

 0.03949 
0.00  0.00%
Market Cap: 224
 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 Kraken Augur and Bitfinex Recovery

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

Diversification Opportunities for Kraken Augur and Bitfinex Recovery

Kraken Augur USD diversification synergy

Pay attention

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