Pair Correlation Between Yobit MaxCoin and Poloniex Stellar |
This module allows you to analyze existing cross correlation between Yobit MaxCoin USD and Poloniex Stellar USD. You can compare the effects of market volatilities on Yobit MaxCoin 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 MaxCoin with a short position of Poloniex Stellar. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit MaxCoin and Poloniex Stellar.
Time Horizon | 30 Days Login to change |
Symbols | vs |
Yobit MaxCoin USD vs. Poloniex Stellar USD
YobitMaxCoin on Yobit in USD 0.11
| PoloniexStellar on Poloniex in USD 0.37
|
Pair Volatility
Assuming 30 trading days horizon, Yobit MaxCoin USD is expected to generate 7.83 times more return on investment than Poloniex Stellar. However, Yobit MaxCoin is 7.83 times more volatile than Poloniex Stellar USD. It trades about 0.16 of its potential returns per unit of risk. Poloniex Stellar USD is currently generating about -0.01 per unit of risk. If you would invest 4.90 in Yobit MaxCoin USD on March 20, 2018 and sell it today you would earn a total of 2.10 from holding Yobit MaxCoin USD or generate 42.9% return on investment over 30 days.
Pair Corralation between Yobit MaxCoin and Poloniex Stellar
0.2
Time Period | 2 Months [change] |
Direction | Positive |
Strength | Very Weak |
Accuracy | 100.0% |
Values | Daily Returns |
Diversification
Modest diversification
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.
Comparative Volatility
Yobit MaxCoin USD |
10 Risk-Adjusted Performance
Risk-Adjusted PerformanceCompared to the overall equity markets, risk-adjusted returns on investments in Yobit MaxCoin USD are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days.
Yobit MaxCoin USD
Pair trading matchups for Yobit MaxCoin
Poloniex Stellar USD |
0 Risk-Adjusted Performance
Risk-Adjusted PerformanceOver the last 30 days Poloniex Stellar USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Poloniex Stellar USD
Pair trading matchups for Poloniex Stellar
My Equities
My Current Equities and Potential Positions
Thematic Opportunities
Explore Investment Opportunities
See also your portfolio center. Please also try Commodity Channel Index module to use commodity channel index to analyze current equity momentum.