Pair Correlation Between Poloniex Stellar and HitBTC Verge

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


Stellar on Poloniex in USD
(0.0044)  0.99%
Market Cap: 3.3 M


Verge on HitBTC in USD
(0.01242)  12.11%
Market Cap: 406.6 K
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Poloniex Stellar USD is expected to generate 0.89 times more return on investment than HitBTC Verge. However, Poloniex Stellar USD is 1.13 times less risky than HitBTC Verge. It trades about 0.25 of its potential returns per unit of risk. HitBTC Verge USD is currently generating about -0.03 per unit of risk. If you would invest  20.48  in Poloniex Stellar USD on December 23, 2017 and sell it today you would earn a total of  29.86  from holding Poloniex Stellar USD or generate 145.8% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Poloniex Stellar and HitBTC Verge


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 Stellar USD and HitBTC Verge USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on HitBTC Verge 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 HitBTC Verge. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of HitBTC Verge USD has no effect on the direction of Poloniex Stellar i.e. Poloniex Stellar and HitBTC Verge go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

Poloniex Stellar USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Poloniex Stellar USD are ranked lower than 16 (%) of all global equities and portfolios over the last 30 days.

HitBTC Verge USD


Risk-Adjusted Performance

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