Pair Correlation Between Yobit Avatar and Poloniex Monero

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


Avatar Coin on Yobit in USD
0.003  2.01%
Market Cap: 59.0


Monero on Poloniex in USD
12.29  6.25%
Market Cap: 249.8 M
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Yobit Avatar Coin USD is expected to generate 10.48 times more return on investment than Poloniex Monero. However, Yobit Avatar is 10.48 times more volatile than Poloniex Monero USD. It trades about 0.22 of its potential returns per unit of risk. Poloniex Monero USD is currently generating about -0.19 per unit of risk. If you would invest  15.00  in Yobit Avatar Coin USD on February 16, 2018 and sell it today you would lose (0.40)  from holding Yobit Avatar Coin USD or give up 2.67% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between Yobit Avatar and Poloniex Monero


Time Period1 Month [change]
ValuesDaily Returns


Good diversification

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

Comparative Volatility

 Predicted Return Density 

Yobit Avatar Coin


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Avatar Coin USD are ranked lower than 14 (%) of all global equities and portfolios over the last 30 days.

Poloniex Monero USD


Risk-Adjusted Performance

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