Correlation Analysis Between Poloniex Bitcoin and Quoine Bitcoin

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

Poloniex Bitcoin USD  vs.  Quoine Bitcoin USD


Bitcoin on Poloniex in USD

91.20  1.38%
Market Cap: 1.1 B


Bitcoin on Quoine in USD

89.83  1.39%
Market Cap: 3.3 B
2.45% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Poloniex Bitcoin USD is expected to generate 1.11 times more return on investment than Quoine Bitcoin. However, Poloniex Bitcoin is 1.11 times more volatile than Quoine Bitcoin USD. It trades about 0.05 of its potential returns per unit of risk. Quoine Bitcoin USD is currently generating about 0.0 per unit of risk. If you would invest  638,196  in Poloniex Bitcoin USD on September 19, 2018 and sell it today you would earn a total of  15,250  from holding Poloniex Bitcoin USD or generate 2.39% return on investment over 30 days.

Pair Corralation between Poloniex Bitcoin and Quoine Bitcoin

Time Period1 Month [change]
ValuesDaily Returns


Poor diversification

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

Risk-Adjusted Performance

Over the last 30 days Quoine 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 Transaction History module to view history of all your transactions and understand their impact on performance.