Pair Correlation Between Abucoins Bitcoin and Tidex Bitcoin

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

Abucoins

Bitcoin on Abucoins in USD
 11,900 
(73.57)  0.61%
Market Cap: 1.3 B
(4,103)
34.48% Risk Free Arbitrage
All Coins Bitcoin Arbitrage Bitcoin Correlation

Tidex

Bitcoin on Tidex in USD
 16,003 
0.002393  0.00%
Market Cap: 71.3 K
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  1,600,268  in Tidex Bitcoin USD on December 19, 2017 and sell it today you would earn a total of  0.00  from holding Tidex Bitcoin USD or generate 0.0% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Abucoins 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 Abucoins 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 Abucoins 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 Abucoins 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 Abucoins Bitcoin i.e. Abucoins Bitcoin and Tidex Bitcoin go up and down completely randomly.

Comparative Volatility

Abucoins Bitcoin USD

  
0 

Risk-Adjusted Performance

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

Abucoins Bitcoin USD

Pair trading matchups for Abucoins Bitcoin

Tidex Bitcoin USD

  

Tidex Bitcoin USD

Pair trading matchups for Tidex Bitcoin