Pair Correlation Between Poloniex Ethereum and Tidex Ethereum

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

Poloniex

Ethereum on Poloniex in USD
 1,004 
(59.04)  5.55%
Market Cap: 71.5 B
 1,004 

Tidex

Ethereum on Tidex in USD
 0.00 
(1,553)  100%
Market Cap: 90.1 K
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  63,390  in Poloniex Ethereum USD on December 21, 2017 and sell it today you would earn a total of  42,927  from holding Poloniex Ethereum USD or generate 67.72% return on investment over 30 days.

Correlation Coefficient

Pair Corralation between Poloniex Ethereum and Tidex Ethereum
0.0

Parameters

Time Period1 Month [change]
DirectionFlat 
StrengthInsignificant
Accuracy3.33%
ValuesDaily Returns

Diversification

Pay attention

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

Comparative Volatility

Poloniex Ethereum USD

  
19 

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in Poloniex Ethereum USD are ranked lower than 19 (%) of all global equities and portfolios over the last 30 days.

Poloniex Ethereum USD

Pair trading matchups for Poloniex Ethereum

Tidex Ethereum USD

  

Tidex Ethereum USD

Pair trading matchups for Tidex Ethereum