Correlation Analysis Between Gatecoin Ethereum and Bitstamp Ethereum

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

Gatecoin Ethereum USD  vs.  Bitstamp Ethereum USD


Ethereum on Gatecoin in USD
7.23  1.47%
Market Cap: 15 M


Ethereum on Bitstamp in USD
29.36  6.20%
Market Cap: 3.6 B
0.54% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, Gatecoin Ethereum USD is expected to generate 2.09 times more return on investment than Bitstamp Ethereum. However, Gatecoin Ethereum is 2.09 times more volatile than Bitstamp Ethereum USD. It trades about 0.04 of its potential returns per unit of risk. Bitstamp Ethereum USD is currently generating about -0.07 per unit of risk. If you would invest  53,000  in Gatecoin Ethereum USD on June 19, 2018 and sell it today you would lose (3,723)  from holding Gatecoin Ethereum USD or give up 7.02% of portfolio value over 30 days.

Pair Corralation between Gatecoin Ethereum and Bitstamp Ethereum

Time Period1 Month [change]
ValuesDaily Returns


Good diversification

Overlapping area represents the amount of risk that can be diversified away by holding Gatecoin Ethereum USD and Bitstamp Ethereum USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bitstamp Ethereum USD and Gatecoin 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 Gatecoin Ethereum USD are associated (or correlated) with Bitstamp Ethereum. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitstamp Ethereum USD has no effect on the direction of Gatecoin Ethereum i.e. Gatecoin Ethereum and Bitstamp Ethereum go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 
Gatecoin Ethereum USD  

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Gatecoin Ethereum USD are ranked lower than 2 (%) of all global equities and portfolios over the last 30 days.
Bitstamp Ethereum USD  

Risk-Adjusted Performance

Over the last 30 days Bitstamp 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 Fundamentals Matrix module to view fundamentals matrix and analyze how accounts are interrelated and interconnected with each other.