Pair Correlation Between Cexio Ethereum and Tidex Ethereum

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

Cexio Ethereum USD  vs.  Tidex Ethereum USD

Cexio

Ethereum on Cexio in USD
 631.90 
2.11  0.33%
Market Cap: 754.6 M
  

Tidex

Ethereum on Tidex in USD
 0.00 
608.09  100.00%
Market Cap: 25.9 K
 631.90 
100.00% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  60,809  in Tidex Ethereum USD on March 24, 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 Cexio Ethereum and Tidex Ethereum

0.0
Time Period2 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy1.67%
ValuesDaily Returns

Diversification

Pay attention

Overlapping area represents the amount of risk that can be diversified away by holding Cexio 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 Cexio 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 Cexio 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 Cexio Ethereum i.e. Cexio Ethereum and Tidex Ethereum go up and down completely randomly.

Comparative Volatility

Cexio Ethereum USD  
0 

Risk-Adjusted Performance

Over the last 30 days Cexio Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions.
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 Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.