Correlation Analysis Between Poloniex Stellar and Yobit ClubCoin

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

Poloniex Stellar USD  vs.  Yobit ClubCoin USD

Poloniex

Stellar on Poloniex in USD

 0.24 
0.0124  5.00%
Market Cap: 357.7 K
  

Yobit

ClubCoin on Yobit in USD

 0.45 
0.0125  2.70%
Market Cap: 50.0
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Poloniex Stellar is expected to generate 2.01 times less return on investment than Yobit ClubCoin. But when comparing it to its historical volatility, Poloniex Stellar USD is 2.62 times less risky than Yobit ClubCoin. It trades about 0.05 of its potential returns per unit of risk. Yobit ClubCoin USD is currently generating about 0.04 of returns per unit of risk over similar time horizon. If you would invest  50.00  in Yobit ClubCoin USD on August 26, 2018 and sell it today you would lose (5.00)  from holding Yobit ClubCoin USD or give up 10.0% of portfolio value over 30 days.

Pair Corralation between Poloniex Stellar and Yobit ClubCoin

-0.02
Time Period1 Month [change]
DirectionNegative 
StrengthInsignificant
Accuracy95.45%
ValuesDaily Returns

Diversification

Good diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 
Poloniex Stellar USD  
3 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Poloniex Stellar USD are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days.
Yobit ClubCoin USD  
2 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit ClubCoin USD are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days.

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