This module allows you to analyze existing cross correlation between Yobit MaxCoin USD and Poloniex Stellar USD. You can compare the effects of market volatilities on Yobit MaxCoin 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 MaxCoin with a short position of Poloniex Stellar. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit MaxCoin
and Poloniex Stellar
Yobit MaxCoin USD vs. Poloniex Stellar USD
Assuming 30 trading days horizon, Yobit MaxCoin is expected to generate 5.97 times less return on investment than Poloniex Stellar. In addition to that, Yobit MaxCoin is 1.95 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 0.16 per unit of volatility. If you would invest 23.30 in Poloniex Stellar USD on June 18, 2018 and sell it today you would earn a total of 6.50 from holding Poloniex Stellar USD or generate 27.9% return on investment over 30 days.
Pair Corralation between Yobit MaxCoin and Poloniex Stellar
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding Yobit MaxCoin 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 MaxCoin 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 MaxCoin 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 MaxCoin i.e. Yobit MaxCoin and Poloniex Stellar go up and down completely randomly.
Over the last 30 days Yobit MaxCoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Compared to the overall equity markets, risk-adjusted returns on investments in Poloniex Stellar USD are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days.
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