This module allows you to analyze existing cross correlation between Yobit ReddCoin USD and Poloniex Stellar USD. You can compare the effects of market volatilities on Yobit ReddCoin 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 ReddCoin with a short position of Poloniex Stellar. See also your portfolio center
. Please also check ongoing floating volatility patterns of Yobit ReddCoin
and Poloniex Stellar
Yobit ReddCoin USD vs Poloniex Stellar USD
Assuming 30 trading days horizon, Yobit ReddCoin is expected to generate 1.11 times less return on investment than Poloniex Stellar. In addition to that, Yobit ReddCoin is 1.14 times more volatile than Poloniex Stellar USD. It trades about 0.19 of its total potential returns per unit of risk. Poloniex Stellar USD is currently generating about 0.24 per unit of volatility. If you would invest 21 in Poloniex Stellar USD on December 21, 2017 and sell it today you would earn a total of 30 from holding Poloniex Stellar USD or generate 142.86% return on investment over 30 days.
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Overlapping area represents the amount of risk that can be diversified away by holding Yobit ReddCoin 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 ReddCoin 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 ReddCoin 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 ReddCoin i.e. Yobit ReddCoin and Poloniex Stellar go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit ReddCoin USD are ranked lower than 12 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Poloniex Stellar USD are ranked lower than 15 (%) of all global equities and portfolios over the last 30 days.