Correlation Analysis Between HitBTC Ethereum and Gemini Ethereum

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

HitBTC Ethereum USD  vs.  Gemini Ethereum USD


Ethereum on HitBTC in USD

0.00  0.00%
Market Cap: 19.9 K


Ethereum on Gemini in USD

1.35  0.67%
Market Cap: 1.2 B
2.41% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 

Pair Volatility

If you would invest  19,575  in Gemini Ethereum USD on September 16, 2018 and sell it today you would earn a total of  825.00  from holding Gemini Ethereum USD or generate 4.21% return on investment over 30 days.

Pair Corralation between HitBTC Ethereum and Gemini Ethereum

Time Period1 Month [change]
ValuesDaily Returns


Good diversification

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

Comparative Volatility

 Predicted Return Density 
HitBTC Ethereum USD  

Risk-Adjusted Performance

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

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Gemini Ethereum USD are ranked lower than 4 (%) of all global equities and portfolios over the last 30 days.

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