Pair Correlation Between LiveCoin Ethereum and Tidex Ethereum

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


Ethereum on LiveCoin in USD
5.00  0.91%
Market Cap: 149.6 M


Ethereum on Tidex in USD
0.004807  0.0008%
Market Cap: 75.8 K
 Performance (%) 

Pair Volatility

If you would invest  58,583  in Tidex Ethereum USD on February 17, 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 LiveCoin 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 LiveCoin 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 LiveCoin 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 LiveCoin 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 LiveCoin Ethereum i.e. LiveCoin Ethereum and Tidex Ethereum go up and down completely randomly.

Comparative Volatility

LiveCoin Ethereum USD


Risk-Adjusted Performance

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