Pair Correlation Between Bitfinex Ethereum and Tidex Ethereum

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


Ethereum on Bitfinex in USD
51.47  10.05%
Market Cap: 60.7 B


Ethereum on Tidex in USD
0.000037  0.00%
Market Cap: 46.7 K
 Performance (%) 

Pair Volatility

If you would invest  60,818  in Tidex Ethereum USD on February 21, 2018 and sell it today you would earn a total of  0.00  from holding Tidex Ethereum USD or generate 0.0% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Bitfinex Ethereum and Tidex Ethereum


Time Period1 Month [change]
ValuesDaily Returns


Pay attention

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

Comparative Volatility

Bitfinex Ethereum USD


Risk-Adjusted Performance

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