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
Poloniex Stellar USD vs Cexio Ethereum USD
Assuming 30 trading days horizon, Poloniex Stellar USD is expected to generate 1.8 times more return on investment than Cexio Ethereum. However, Poloniex Stellar is 1.8 times more volatile than Cexio Ethereum USD. It trades about 0.21 of its potential returns per unit of risk. Cexio Ethereum USD is currently generating about 0.15 per unit of risk. If you would invest 24.46 in Poloniex Stellar USD on December 22, 2017 and sell it today you would earn a total of 24.84 from holding Poloniex Stellar USD or generate 101.55% return on investment over 30 days.
|Time Period||1 Month [change]|
Very weak 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.
Compared to the overall equity markets, risk-adjusted returns on investments in Poloniex Stellar USD are ranked lower than 13 (%) of all global equities and portfolios over the last 30 days.
Compared to the overall equity markets, risk-adjusted returns on investments in Cexio Ethereum USD are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days.