Correlation Analysis Between Poloniex Stellar and Yobit MaxCoin

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

Poloniex Stellar USD  vs.  Yobit MaxCoin USD

Poloniex

Stellar on Poloniex in USD

 0.24 
0.009  3.63%
Market Cap: 357.7 K
  

Yobit

MaxCoin on Yobit in USD

 0.02 
0.00018  0.89%
Market Cap: 1.0
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Poloniex Stellar USD is expected to generate 0.44 times more return on investment than Yobit MaxCoin. However, Poloniex Stellar USD is 2.25 times less risky than Yobit MaxCoin. It trades about 0.03 of its potential returns per unit of risk. Yobit MaxCoin USD is currently generating about -0.13 per unit of risk. If you would invest  23.84  in Poloniex Stellar USD on August 26, 2018 and sell it today you would earn a total of  0.04  from holding Poloniex Stellar USD or generate 0.17% return on investment over 30 days.

Pair Corralation between Poloniex Stellar and Yobit MaxCoin

-0.06
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 MaxCoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Yobit MaxCoin 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 MaxCoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Yobit MaxCoin USD has no effect on the direction of Poloniex Stellar i.e. Poloniex Stellar and Yobit MaxCoin go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
      Returns 
Poloniex Stellar USD  
1 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Poloniex Stellar USD are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days.
Yobit MaxCoin USD  
0 

Risk-Adjusted Performance

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

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