Correlation Analysis Between Yobit Global and Cexio Stellar

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

Yobit Global Currency Reserve   vs.  Cexio Stellar USD

Yobit

Global Currency Reserve on Yobit in USD

 0.26 
0.0368  12.41%
Market Cap: 69.0
  

Cexio

Stellar on Cexio in USD

 0.00 
0.00  0.00%
Market Cap: 120.5 K
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, Yobit Global Currency Reserve USD is expected to generate 3.04 times more return on investment than Cexio Stellar. However, Yobit Global is 3.04 times more volatile than Cexio Stellar USD. It trades about 0.24 of its potential returns per unit of risk. Cexio Stellar USD is currently generating about 0.17 per unit of risk. If you would invest  15.44  in Yobit Global Currency Reserve USD on August 24, 2018 and sell it today you would earn a total of  14.21  from holding Yobit Global Currency Reserve USD or generate 92.03% return on investment over 30 days.

Pair Corralation between Yobit Global and Cexio Stellar

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy100.0%
ValuesDaily Returns

Diversification

Pay attention

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

Comparative Volatility

Yobit Global Currency  
15 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Global Currency Reserve USD are ranked lower than 15 (%) of all global equities and portfolios over the last 30 days.
Cexio Stellar USD  
0 

Risk-Adjusted Performance

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

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Alphabet
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ExchangeNASDAQ
$1171.09

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