Pair Correlation Between Tidex Bitcoin and Bitstamp Bitcoin

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

Tidex

Bitcoin on Tidex in USD
 14,127 
(0.002673)  0.00%
Market Cap: 71.3 K
 3,597 
25.46% Risk Free Arbitrage
All Coins Bitcoin Arbitrage Bitcoin Correlation

Bitstamp

Bitcoin on Bitstamp in USD
 10,530 
37.96  0.36%
Market Cap: 3388.8 B
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  0.00  in Tidex Bitcoin USD on December 18, 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 Tidex Bitcoin and Bitstamp Bitcoin
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 Tidex Bitcoin USD and Bitstamp Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Bitstamp Bitcoin USD and Tidex 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 Tidex Bitcoin USD are associated (or correlated) with Bitstamp Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Bitstamp Bitcoin USD has no effect on the direction of Tidex Bitcoin i.e. Tidex Bitcoin and Bitstamp Bitcoin go up and down completely randomly.

Comparative Volatility

Tidex Bitcoin USD

  

Tidex Bitcoin USD

Pair trading matchups for Tidex Bitcoin

Bitstamp Bitcoin USD

  
0 

Risk-Adjusted Performance

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

Bitstamp Bitcoin USD

Pair trading matchups for Bitstamp Bitcoin