Pair Correlation Between Bitstamp Bitcoin and Tidex Bitcoin

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

Bitstamp

Bitcoin on Bitstamp in USD
 11,518 
139.4  1.23%
Market Cap: 4271.2 B
(5,219)
45.31% 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  1,673,737  in Tidex Bitcoin USD on December 22, 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 Bitstamp Bitcoin and Tidex Bitcoin
0.0

Parameters

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 Bitstamp 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 Bitstamp 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 Bitstamp 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 Bitstamp Bitcoin i.e. Bitstamp Bitcoin and Tidex Bitcoin go up and down completely randomly.

Comparative Volatility

Bitstamp Bitcoin USD

  
0 

Risk-Adjusted Performance

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

Bitstamp Bitcoin USD

Pair trading matchups for Bitstamp Bitcoin

Tidex Bitcoin USD

  

Tidex Bitcoin USD

Pair trading matchups for Tidex Bitcoin