Correlation Analysis Between Kraken Monero and Poloniex Stellar

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

Kraken Monero USD  vs.  Poloniex Stellar USD


Monero on Kraken in USD

3.40  3.16%
Market Cap: 7.8 M


Stellar on Poloniex in USD

0.0145  7.44%
Market Cap: 513 K
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Kraken Monero USD is expected to generate 1.6 times more return on investment than Poloniex Stellar. However, Kraken Monero is 1.6 times more volatile than Poloniex Stellar USD. It trades about 0.11 of its potential returns per unit of risk. Poloniex Stellar USD is currently generating about -0.07 per unit of risk. If you would invest  9,491  in Kraken Monero USD on August 19, 2018 and sell it today you would earn a total of  1,288  from holding Kraken Monero USD or generate 13.57% return on investment over 30 days.

Pair Corralation between Kraken Monero and Poloniex Stellar

Time Period1 Month [change]
ValuesDaily Returns


Average diversification

Overlapping area represents the amount of risk that can be diversified away by holding Kraken Monero USD 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 Kraken Monero 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 Monero 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 Kraken Monero i.e. Kraken Monero and Poloniex Stellar go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
Kraken Monero USD  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Kraken Monero USD are ranked lower than 7 (%) of all global equities and portfolios over the last 30 days.
Poloniex Stellar USD  

Risk-Adjusted Performance

Over the last 30 days Poloniex Stellar USD has generated negative risk-adjusted returns adding no value to investors with long positions.

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