Correlation Analysis Between Yobit Influxcoin and Poloniex Stellar

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

Yobit Influxcoin USD  vs.  Poloniex Stellar USD

Yobit

Influxcoin on Yobit in USD

 0.029 
0.00  0.00%
Market Cap: 14.0
  

Poloniex

Stellar on Poloniex in USD

 0.26 
0.0099  3.98%
Market Cap: 928.5 K
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  24.79  in Poloniex Stellar USD on September 20, 2018 and sell it today you would earn a total of  0.11  from holding Poloniex Stellar USD or generate 0.44% return on investment over 30 days.

Pair Corralation between Yobit Influxcoin and Poloniex Stellar

0.32
Time Period1 Month [change]
DirectionPositive 
StrengthVery Weak
Accuracy9.09%
ValuesDaily Returns

Diversification

Weak diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
Yobit Influxcoin USD  
0 

Risk-Adjusted Performance

Over the last 30 days Yobit Influxcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Poloniex Stellar USD  
1 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Poloniex Stellar USD are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days.

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