Pair Correlation Between TrustDEX Bitcoin and Tidex Bitcoin

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

TrustDEX

Bitcoin on TrustDEX in USD
 12,602 
655.6  5.49%
Market Cap: 703.3 B
(4,136)
32.82% Risk Free Arbitrage
All Coins Bitcoin Arbitrage Bitcoin Correlation

Tidex

Bitcoin on Tidex in USD
 16,737 
0.000197  0.00%
Market Cap: 71.3 K
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.00  in TrustDEX Bitcoin USD on December 20, 2017 and sell it today you would earn a total of  1,265,000  from holding TrustDEX Bitcoin USD or generate 9.223372036854776E16% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between TrustDEX Bitcoin and Tidex Bitcoin
0.0

Parameters

Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy3.33%
ValuesDaily Returns

Diversification

Pay attention

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

Comparative Volatility

TrustDEX Bitcoin USD

  
11 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in TrustDEX Bitcoin USD are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days.

TrustDEX Bitcoin USD

Pair trading matchups for TrustDEX Bitcoin

Tidex Bitcoin USD

  

Tidex Bitcoin USD

Pair trading matchups for Tidex Bitcoin