Pair Correlation Between Tidex Bitcoin and TrustDEX Bitcoin

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


Bitcoin on Tidex in USD
0.000197  0.00%
Market Cap: 71.3 K
16.83% Risk Free Arbitrage
All Coins Bitcoin Arbitrage Bitcoin Correlation


Bitcoin on TrustDEX in USD
1,039  8.07%
Market Cap: 703.3 B
 Performance (%) 

Pair Volatility

If you would invest  1,463,000  in TrustDEX Bitcoin USD on December 21, 2017 and sell it today you would lose (96,800)  from holding TrustDEX Bitcoin USD or give up 6.62% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between Tidex Bitcoin and TrustDEX 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 TrustDEX Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on TrustDEX 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 TrustDEX Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of TrustDEX Bitcoin USD has no effect on the direction of Tidex Bitcoin i.e. Tidex Bitcoin and TrustDEX Bitcoin go up and down completely randomly.

Comparative Volatility

Tidex Bitcoin USD


Tidex Bitcoin USD

Pair trading matchups for Tidex Bitcoin

TrustDEX Bitcoin USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in TrustDEX Bitcoin USD are ranked lower than 1 (%) of all global equities and portfolios over the last 30 days.

TrustDEX Bitcoin USD

Pair trading matchups for TrustDEX Bitcoin