Pair Correlation Between QuadrigaCX Bitcoin and Cexio Bitcoin

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


Bitcoin on QuadrigaCX in USD
1,800  11.61%
Market Cap: 4.7 B


Bitcoin on Cexio in USD
(147.47)  0.83%
Market Cap: 469.3 B
 Performance (%) 

Pair Volatility

If you would invest  678,502  in QuadrigaCX Bitcoin USD on November 12, 2017 and sell it today you would earn a total of  871,498  from holding QuadrigaCX Bitcoin USD or generate 128.44% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between QuadrigaCX Bitcoin and Cexio Bitcoin


Time Period1 Month [change]
StrengthVery Strong
ValuesDaily Returns


Almost no diversification

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

Comparative Volatility

 Predicted Return Density 

QuadrigaCX Bitcoin USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in QuadrigaCX Bitcoin USD are ranked lower than 26 (%) of all global equities and portfolios over the last 30 days.

Cexio Bitcoin USD


Risk-Adjusted Performance

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