Pair Correlation Between Yobit MaxCoin and Poloniex Stellar

Overlapping area represents the amount of risk that can be diversified away by holding Yobit MaxCoin 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 MaxCoin 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 MaxCoin 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 MaxCoin i.e. Yobit MaxCoin and Poloniex Stellar go up and down completely randomly.