Correlation Analysis Between Kraken Ethereum and Tidex Ethereum

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

Kraken Ethereum USD  vs.  Tidex Ethereum USD


Ethereum on Kraken in USD
17.40  2.53%
Market Cap: 9.1 B


Ethereum on Tidex in USD
0.002843  0.0004%
Market Cap: 20.5 K
4.06% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 

Pair Volatility

If you would invest  64,046  in Kraken Ethereum USD on April 22, 2018 and sell it today you would earn a total of  3,854  from holding Kraken Ethereum USD or generate 6.02% return on investment over 30 days.

Pair Corralation between Kraken 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 Kraken 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 Kraken 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 Kraken 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 Kraken Ethereum i.e. Kraken Ethereum and Tidex Ethereum go up and down completely randomly.

Comparative Volatility

Kraken Ethereum USD  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Kraken Ethereum USD are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days.
Tidex Ethereum USD  

Risk-Adjusted Performance

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

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