This module allows you to analyze existing cross correlation between Poloniex Stellar USD and Yobit BitstarCoin USD. You can compare the effects of market volatilities on Poloniex Stellar and Yobit BitstarCoin 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 Yobit BitstarCoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Poloniex Stellar and Yobit BitstarCoin.
Assuming 30 trading days horizon, Poloniex Stellar is expected to generate 11.49 times less return on investment than Yobit BitstarCoin. But when comparing it to its historical volatility, Poloniex Stellar USD is 4.41 times less risky than Yobit BitstarCoin. It trades about 0.03 of its potential returns per unit of risk. Yobit BitstarCoin USD is currently generating about 0.07 of returns per unit of risk over similar time horizon. If you would invest 9.41 in Yobit BitstarCoin USD on March 21, 2018 and sell it today you would lose (6.41) from holding Yobit BitstarCoin USD or give up 68.12% of portfolio value over 30 days.
Pair Corralation between Poloniex Stellar and Yobit BitstarCoin
Overlapping area represents the amount of risk that can be diversified away by holding Poloniex Stellar USD and Yobit BitstarCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit BitstarCoin 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 Yobit BitstarCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit BitstarCoin USD has no effect on the direction of Poloniex Stellar i.e. Poloniex Stellar and Yobit BitstarCoin go up and down completely randomly.
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