Pair Correlation Between HitBTC Verge and Cexio Ethereum

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


Verge on HitBTC in USD
(0.00738)  7.19%
Market Cap: 406.6 K


Ethereum on Cexio in USD
(75.75)  6.81%
Market Cap: 7.8 B
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, HitBTC Verge is expected to generate 6.26 times less return on investment than Cexio Ethereum. In addition to that, HitBTC Verge is 2.02 times more volatile than Cexio Ethereum USD. It trades about 0.01 of its total potential returns per unit of risk. Cexio Ethereum USD is currently generating about 0.13 per unit of volatility. If you would invest  81,802  in Cexio Ethereum USD on December 24, 2017 and sell it today you would earn a total of  21,919  from holding Cexio Ethereum USD or generate 26.8% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between HitBTC Verge and Cexio Ethereum


Time Period1 Month [change]
StrengthVery Weak
ValuesDaily Returns


Modest diversification

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

Comparative Volatility

 Predicted Return Density 

HitBTC Verge USD


Risk-Adjusted Performance

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

Cexio Ethereum USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Cexio Ethereum USD are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days.