This module allows you to analyze existing cross correlation between Bitstamp Ethereum USD and Tidex Ethereum USD. You can compare the effects of market volatilities on Bitstamp 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 Bitstamp Ethereum with a short position of Tidex Ethereum. See also your portfolio center
. Please also check ongoing floating volatility patterns of Bitstamp Ethereum
and Tidex Ethereum
Bitstamp Ethereum USD vs Tidex Ethereum USD
If you would invest 100,025 in Bitstamp Ethereum USD on January 21, 2018 and sell it today you would lose (7,915) from holding Bitstamp Ethereum USD or give up 7.91% of portfolio value over 30 days.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding Bitstamp 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 Bitstamp 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 Bitstamp 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 Bitstamp Ethereum i.e. Bitstamp Ethereum and Tidex Ethereum go up and down completely randomly.
Over the last 30 days Bitstamp Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions.