Correlation Analysis Between Poloniex Bitcoin and Bitstamp Bitcoin

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

Poloniex Bitcoin USD  vs.  Bitstamp Bitcoin USD


Bitcoin on Poloniex in USD

1.93  0.0295%
Market Cap: 1.1 B


Bitcoin on Bitstamp in USD

7.22  0.11%
Market Cap: 11.9 B
2.29% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Poloniex Bitcoin USD is expected to generate 1.47 times more return on investment than Bitstamp Bitcoin. However, Poloniex Bitcoin is 1.47 times more volatile than Bitstamp Bitcoin USD. It trades about 0.05 of its potential returns per unit of risk. Bitstamp Bitcoin USD is currently generating about -0.01 per unit of risk. If you would invest  644,089  in Poloniex Bitcoin USD on September 23, 2018 and sell it today you would earn a total of  12,771  from holding Poloniex Bitcoin USD or generate 1.98% return on investment over 30 days.

Pair Corralation between Poloniex Bitcoin and Bitstamp Bitcoin

Time Period1 Month [change]
StrengthVery Weak
ValuesDaily Returns


Weak diversification

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

Comparative Volatility

 Predicted Return Density 
Poloniex Bitcoin USD  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Poloniex Bitcoin USD are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days.
Bitstamp Bitcoin USD  

Risk-Adjusted Performance

Over the last 30 days Bitstamp Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.

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See also your portfolio center. Please also try Volatility Analysis module to get historical volatility and risk analysis based on latest market data.