This module allows you to analyze existing cross correlation between TrustDEX Bitcoin USD and LocalBitcoins Bitcoin USD. You can compare the effects of market volatilities on TrustDEX Bitcoin and LocalBitcoins 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 TrustDEX Bitcoin with a short position of LocalBitcoins Bitcoin. See also your portfolio center
. Please also check ongoing floating volatility patterns of TrustDEX Bitcoin
and LocalBitcoins Bitcoin
TrustDEX Bitcoin USD vs LocalBitcoins Bitcoin USD
Assuming 30 trading days horizon, TrustDEX Bitcoin is expected to generate 19.25 times less return on investment than LocalBitcoins Bitcoin. But when comparing it to its historical volatility, TrustDEX Bitcoin USD is 2.76 times less risky than LocalBitcoins Bitcoin. It trades about 0.02 of its potential returns per unit of risk. LocalBitcoins Bitcoin USD is currently generating about 0.13 of returns per unit of risk over similar time horizon. If you would invest 1,499,925 in LocalBitcoins Bitcoin USD on December 21, 2017 and sell it today you would earn a total of 263,612 from holding LocalBitcoins Bitcoin USD or generate 17.58% return on investment over 30 days.
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding TrustDEX Bitcoin USD and LocalBitcoins Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LocalBitcoins Bitcoin USD and TrustDEX 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 TrustDEX Bitcoin USD are associated (or correlated) with LocalBitcoins Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LocalBitcoins Bitcoin USD has no effect on the direction of TrustDEX Bitcoin i.e. TrustDEX Bitcoin and LocalBitcoins Bitcoin go up and down completely randomly.
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.
Compared to the overall equity markets, risk-adjusted returns on investments in LocalBitcoins Bitcoin USD are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days.