This module allows you to analyze existing cross correlation between Yobit DebitCoin USD and Poloniex Stellar USD. You can compare the effects of market volatilities on Yobit DebitCoin and Poloniex Stellar 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 DebitCoin with a short position of Poloniex Stellar. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit DebitCoin and Poloniex Stellar.
Assuming 30 trading days horizon, Yobit DebitCoin USD is expected to generate 4.53 times more return on investment than Poloniex Stellar. However, Yobit DebitCoin is 4.53 times more volatile than Poloniex Stellar USD. It trades about 0.1 of its potential returns per unit of risk. Poloniex Stellar USD is currently generating about -0.15 per unit of risk. If you would invest 0.50 in Yobit DebitCoin USD on April 26, 2018 and sell it today you would lose (0.09) from holding Yobit DebitCoin USD or give up 17.64% of portfolio value over 30 days.
Pair Corralation between Yobit DebitCoin and Poloniex Stellar
Overlapping area represents the amount of risk that can be diversified away by holding Yobit DebitCoin USD and Poloniex Stellar USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Poloniex Stellar USD and Yobit DebitCoin 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 DebitCoin USD are associated (or correlated) with Poloniex Stellar. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Poloniex Stellar USD has no effect on the direction of Yobit DebitCoin i.e. Yobit DebitCoin and Poloniex Stellar go up and down completely randomly.
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