Pair Correlation Between Bitstamp Bitcoin and Tidex Bitcoin

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


Bitcoin on Bitstamp in USD
1,739  9.97%
Market Cap: 3049.2 B
12.55% Risk Free Arbitrage
All Coins Bitcoin Arbitrage Bitcoin Correlation


Bitcoin on Tidex in USD
0.003971  0.00%
Market Cap: 101.4 K
 Performance (%) 

Pair Volatility

If you would invest  793,274  in Bitstamp Bitcoin USD on November 16, 2017 and sell it today you would earn a total of  1,012,991  from holding Bitstamp Bitcoin USD or generate 127.7% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Bitstamp Bitcoin and Tidex Bitcoin


Time Period1 Month [change]
ValuesDaily Returns


Pay attention

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

Comparative Volatility

Bitstamp Bitcoin USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Bitstamp Bitcoin USD are ranked lower than 27 (%) of all global equities and portfolios over the last 30 days.