Pair Correlation Between Tidex Ethereum and Kraken Ethereum

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

Tidex Ethereum USD  vs.  Kraken Ethereum USD

Tidex

Ethereum on Tidex in USD
 608.09 
0.002927  0.0005%
Market Cap: 25.9 K
  

Kraken

Ethereum on Kraken in USD
 642.82 
2.36  0.37%
Market Cap: 13.5 B
(34.73)
5.71% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

If you would invest  60,809  in Tidex Ethereum USD on March 24, 2018 and sell it today you would earn a total of  0.00  from holding Tidex Ethereum USD or generate 0.0% return on investment over 30 days.

Pair Corralation between Tidex Ethereum and Kraken Ethereum

0.0
Time Period2 Months [change]
DirectionFlat 
StrengthInsignificant
Accuracy3.28%
ValuesDaily Returns

Diversification

Pay attention

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

Comparative Volatility

Tidex Ethereum USD  
0 

Risk-Adjusted Performance

Over the last 30 days Tidex Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions.
Kraken Ethereum USD  
0 

Risk-Adjusted Performance

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

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ExchangeNASDAQ
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See also your portfolio center. Please also try Bollinger Bands module to use bollinger bands indicator to analyze target price for a given investing horizon.