Correlation Analysis Between Quoine Ethereum and Tidex Ethereum

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.
 Time Horizon     30 Days    Login   to change
Symbolsvs

Quoine Ethereum USD  vs.  Tidex Ethereum USD

Quoine

Ethereum on Quoine in USD
 712.00 
14.59  2.09%
Market Cap: 65.2 M
  

Tidex

Ethereum on Tidex in USD
 698.26 
0.002843  0.0004%
Market Cap: 20.5 K
 13.74 
1.93% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  60,330  in Quoine Ethereum USD on April 20, 2018 and sell it today you would earn a total of  10,025  from holding Quoine Ethereum USD or generate 16.62% return on investment over 30 days.

Pair Corralation between Quoine Ethereum and Tidex Ethereum

0.0
Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy9.68%
ValuesDaily Returns

Diversification

Pay attention

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.

Comparative Volatility

Quoine Ethereum USD  
8 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Quoine Ethereum USD are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days.
Tidex Ethereum USD  
0 

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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See also your portfolio center. Please also try Price Ceiling Movement module to calculate and plot price ceiling movement for different equity instruments.