Pair Correlation Between Poloniex Stellar and Yobit SibCoin

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

Poloniex

Stellar on Poloniex in USD
 0.53 
0.0275  5.51%
Market Cap: 2 M

Yobit

SibCoin on Yobit in USD
 3.2 
0.09  2.89%
Market Cap: 1 K
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Poloniex Stellar USD is expected to generate 0.96 times more return on investment than Yobit SibCoin. However, Poloniex Stellar USD is 1.04 times less risky than Yobit SibCoin. It trades about 0.21 of its potential returns per unit of risk. Yobit SibCoin USD is currently generating about 0.08 per unit of risk. If you would invest  24.68  in Poloniex Stellar USD on December 19, 2017 and sell it today you would earn a total of  25.22  from holding Poloniex Stellar USD or generate 102.19% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Poloniex Stellar and Yobit SibCoin
-0.1

Parameters

Time Period1 Month [change]
DirectionNegative 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Good diversification

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

Comparative Volatility

 Predicted Return Density 
      Returns 

Poloniex Stellar USD

  
13 

Risk-Adjusted Performance

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.

Poloniex Stellar USD

Pair trading matchups for Poloniex Stellar

Yobit SibCoin USD

  
5 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit SibCoin USD are ranked lower than 5 (%) of all global equities and portfolios over the last 30 days.