Pair Correlation Between CCEX BlakeCoin and Poloniex Stellar

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

CCEX

BlakeCoin on CCEX in USD
 0.18 
(0.11)  37.68%
Market Cap: 32.0

Poloniex

Stellar on Poloniex in USD
 0.26 
0.018  7.35%
Market Cap: 5.3 M
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, CCEX BlakeCoin USD is expected to generate 19.08 times more return on investment than Poloniex Stellar. However, CCEX BlakeCoin is 19.08 times more volatile than Poloniex Stellar USD. It trades about 0.17 of its potential returns per unit of risk. Poloniex Stellar USD is currently generating about 0.75 per unit of risk. If you would invest  20  in CCEX BlakeCoin USD on November 17, 2017 and sell it today you would lose (1.79)  from holding CCEX BlakeCoin USD or give up 8.95% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between CCEX BlakeCoin and Poloniex Stellar
0.3

Parameters

Time Period1 Month [change]
DirectionPositive 
StrengthVery Weak
Accuracy100.0%
ValuesDaily Returns

Diversification

Weak diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 

CCEX BlakeCoin USD

  
11 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in CCEX BlakeCoin USD are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days.

Poloniex Stellar USD

  
49 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Poloniex Stellar USD are ranked lower than 49 (%) of all global equities and portfolios over the last 30 days.