This module allows you to analyze existing cross correlation between BitTrex Ethereum USD and Tidex Ethereum USD. You can compare the effects of market volatilities on BitTrex 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 BitTrex Ethereum with a short position of Tidex Ethereum. See also your portfolio center
. Please also check ongoing floating volatility patterns of BitTrex Ethereum
and Tidex Ethereum
BitTrex Ethereum USD vs. Tidex Ethereum USD
If you would invest 65,595 in Tidex Ethereum USD on March 27, 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.
Pair Corralation between BitTrex Ethereum and Tidex Ethereum
|Time Period||2 Months [change]|
Overlapping area represents the amount of risk that can be diversified away by holding BitTrex 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 BitTrex 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 BitTrex 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 BitTrex Ethereum i.e. BitTrex Ethereum and Tidex Ethereum go up and down completely randomly.
Over the last 30 days BitTrex Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions.
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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