Pair Correlation Between Gatecoin Bitcoin and Tidex Bitcoin

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


Bitcoin on Gatecoin in USD
388.8  3.09%
Market Cap: 2.8 B
28.86% Risk Free Arbitrage
All Coins Bitcoin Arbitrage Bitcoin Correlation


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

Pair Volatility

If you would invest  1,673,737  in Tidex Bitcoin USD on December 21, 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 Gatecoin Bitcoin and Tidex Bitcoin


Time Period1 Month [change]
ValuesDaily Returns


Pay attention

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

Comparative Volatility

Gatecoin Bitcoin USD


Risk-Adjusted Performance

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

Gatecoin Bitcoin USD

Pair trading matchups for Gatecoin Bitcoin

Tidex Bitcoin USD


Tidex Bitcoin USD

Pair trading matchups for Tidex Bitcoin