Correlation Analysis Between Poloniex Stellar and Cexio Ethereum

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

Poloniex Stellar USD  vs.  Cexio Ethereum USD

Poloniex

Stellar on Poloniex in USD

 0.25 
0.0174  7.61%
Market Cap: 928.5 K
  

Cexio

Ethereum on Cexio in USD

 208.67 
0.19  0.09%
Market Cap: 189.3 M
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Poloniex Stellar USD is expected to generate 0.92 times more return on investment than Cexio Ethereum. However, Poloniex Stellar USD is 1.08 times less risky than Cexio Ethereum. It trades about 0.23 of its potential returns per unit of risk. Cexio Ethereum USD is currently generating about 0.07 per unit of risk. If you would invest  19.48  in Poloniex Stellar USD on September 17, 2018 and sell it today you would earn a total of  5.04  from holding Poloniex Stellar USD or generate 25.87% return on investment over 30 days.

Pair Corralation between Poloniex Stellar and Cexio Ethereum

0.64
Time Period1 Month [change]
DirectionPositive 
StrengthSignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Poor diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
Poloniex Stellar USD  
15 

Risk-Adjusted Performance

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.
Cexio Ethereum USD  
4 

Risk-Adjusted Performance

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

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