Pair Correlation Between Bitfinex Recovery and Poloniex Stellar

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

Bitfinex Recovery Right Tokens  vs.  Poloniex Stellar USD


Recovery Right Tokens on Bitfinex in USD
0.00594  9.42%
Market Cap: 15 K


Stellar on Poloniex in USD
0.0076  1.97%
Market Cap: 1.2 M
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Bitfinex Recovery is expected to generate 8.34 times less return on investment than Poloniex Stellar. In addition to that, Bitfinex Recovery is 1.12 times more volatile than Poloniex Stellar USD. It trades about 0.01 of its total potential returns per unit of risk. Poloniex Stellar USD is currently generating about 0.07 per unit of volatility. If you would invest  33.45  in Poloniex Stellar USD on March 25, 2018 and sell it today you would earn a total of  5.95  from holding Poloniex Stellar USD or generate 17.79% return on investment over 30 days.

Pair Corralation between Bitfinex Recovery and Poloniex Stellar

Time Period2 Months [change]
ValuesDaily Returns


Poor diversification

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

Comparative Volatility

 Predicted Return Density 
Bitfinex Recovery Right  

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.
Poloniex Stellar USD  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Poloniex Stellar USD are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days.

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