This module allows you to analyze existing cross correlation between Quoine Ethereum USD and Tidex Ethereum USD. You can compare the effects of market volatilities on Quoine 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 Quoine Ethereum with a short position of Tidex Ethereum. See also your portfolio center
. Please also check ongoing floating volatility patterns of Quoine Ethereum
and Tidex Ethereum
Quoine Ethereum USD vs Tidex Ethereum USD
If you would invest 94,543 in Tidex Ethereum USD on January 22, 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.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding Quoine 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 Quoine 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 Quoine 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 Quoine Ethereum i.e. Quoine Ethereum and Tidex Ethereum go up and down completely randomly.
Over the last 30 days Quoine Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions.