Pair Correlation Between HitBTC PeerCoin and Kraken Monero

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

HitBTC PeerCoin USD  vs.  Kraken Monero USD


PeerCoin on HitBTC in USD
0.04  1.44%
Market Cap: 53.9 K


Monero on Kraken in USD
7.72  2.62%
Market Cap: 265.9 M
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, HitBTC PeerCoin USD is expected to under-perform the Kraken Monero. But the crypto apears to be less risky and, when comparing its historical volatility, HitBTC PeerCoin USD is 1.19 times less risky than Kraken Monero. The crypto trades about -0.01 of its potential returns per unit of risk. The Kraken Monero USD is currently generating about 0.06 of returns per unit of risk over similar time horizon. If you would invest  26,224  in Kraken Monero USD on March 25, 2018 and sell it today you would earn a total of  3,288  from holding Kraken Monero USD or generate 12.54% return on investment over 30 days.

Pair Corralation between HitBTC PeerCoin and Kraken Monero

Time Period2 Months [change]
StrengthVery Strong
ValuesDaily Returns


Almost no diversification

Overlapping area represents the amount of risk that can be diversified away by holding HitBTC PeerCoin USD and Kraken Monero USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Kraken Monero USD and HitBTC PeerCoin 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 HitBTC PeerCoin USD are associated (or correlated) with Kraken Monero. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Kraken Monero USD has no effect on the direction of HitBTC PeerCoin i.e. HitBTC PeerCoin and Kraken Monero go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
HitBTC PeerCoin USD  

Risk-Adjusted Performance

Over the last 30 days HitBTC PeerCoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Kraken Monero USD  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Kraken Monero USD are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days.

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See also your portfolio center. Please also try Transaction History module to view history of all your transactions and understand their impact on performance.