Pair Correlation Between Tidex Bitcoin and Quoine Bitcoin

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


Bitcoin on Tidex in USD
0.000197  0.00%
Market Cap: 71.3 K
31.19% Risk Free Arbitrage
All Coins Bitcoin Arbitrage Bitcoin Correlation


Bitcoin on Quoine in USD
16.38  0.14%
Market Cap: 80.2 B
 Performance (%) 

Pair Volatility

If you would invest  1,673,737  in Tidex Bitcoin USD on December 20, 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 Quoine Bitcoin


Time Period1 Month [change]
ValuesDaily Returns


Pay attention

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

Comparative Volatility

Tidex Bitcoin USD


Tidex Bitcoin USD

Pair trading matchups for Tidex Bitcoin

Quoine Bitcoin USD


Risk-Adjusted Performance

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

Quoine Bitcoin USD

Pair trading matchups for Quoine Bitcoin