Pair Correlation Between Yobit Rimbit and Poloniex Stellar

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

Yobit Rimbit USD  vs.  Poloniex Stellar USD

Yobit

Rimbit on Yobit in USD
 0.001057 
0.000043  3.91%
Market Cap: 0
  

Poloniex

Stellar on Poloniex in USD
 0.38 
0.0091  2.48%
Market Cap: 2.1 M
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Yobit Rimbit USD is expected to generate 5.31 times more return on investment than Poloniex Stellar. However, Yobit Rimbit is 5.31 times more volatile than Poloniex Stellar USD. It trades about 0.09 of its potential returns per unit of risk. Poloniex Stellar USD is currently generating about 0.01 per unit of risk. If you would invest  0.68  in Yobit Rimbit USD on March 21, 2018 and sell it today you would lose (0.57)  from holding Yobit Rimbit USD or give up 84.41% of portfolio value over 30 days.

Pair Corralation between Yobit Rimbit and Poloniex Stellar

0.14
Time Period2 Months [change]
DirectionPositive 
StrengthInsignificant
Accuracy98.36%
ValuesDaily Returns

Diversification

Average diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
Yobit Rimbit USD  
5 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Rimbit USD are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days.
Poloniex Stellar USD  
0 

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.

My Equities

My Current Equities and Potential Positions
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WEN - USA Stock
The Wendys Company
Fama & French Restaurants Hotels Motels
Restaurants Hotels Motels
Fama & French Classification
RegionNorth America
ExchangeNASDAQ
$17.15

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See also your portfolio center. Please also try World Markets Correlation module to find global opportunities by holding instruments from different markets.