Correlation Analysis Between Quoine Bitcoin and Gatecoin Bitcoin

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

Quoine Bitcoin USD  vs.  Gatecoin Bitcoin USD


Bitcoin on Quoine in USD

3.03  0.0475%
Market Cap: 3.3 B


Bitcoin on Gatecoin in USD

21.00  0.33%
Market Cap: 1.2 B
1.16% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Quoine Bitcoin is expected to generate 16.57 times less return on investment than Gatecoin Bitcoin. But when comparing it to its historical volatility, Quoine Bitcoin USD is 1.51 times less risky than Gatecoin Bitcoin. It trades about 0.0 of its potential returns per unit of risk. Gatecoin Bitcoin USD is currently generating about 0.03 of returns per unit of risk over similar time horizon. If you would invest  641,400  in Gatecoin Bitcoin USD on September 19, 2018 and sell it today you would earn a total of  6,830  from holding Gatecoin Bitcoin USD or generate 1.06% return on investment over 30 days.

Pair Corralation between Quoine Bitcoin and Gatecoin Bitcoin

Time Period1 Month [change]
ValuesDaily Returns


Poor diversification

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

Comparative Volatility

 Predicted Return Density 
Quoine Bitcoin USD  

Risk-Adjusted Performance

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

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Gatecoin Bitcoin USD are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days.

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