This module allows you to analyze existing cross correlation between CCEX Dogecoin USD and LocalBitcoins Bitcoin USD. You can compare the effects of market volatilities on CCEX Dogecoin 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 CCEX Dogecoin with a short position of LocalBitcoins Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of CCEX Dogecoin and LocalBitcoins Bitcoin.
|Time Horizon||30 Days Login to change|
CCEX Dogecoin USD vs. LocalBitcoins Bitcoin USD
Assuming 30 trading days horizon, CCEX Dogecoin USD is expected to under-perform the LocalBitcoins Bitcoin. But the crypto apears to be less risky and, when comparing its historical volatility, CCEX Dogecoin USD is 4.72 times less risky than LocalBitcoins Bitcoin. The crypto trades about -0.22 of its potential returns per unit of risk. The LocalBitcoins Bitcoin USD is currently generating about 0.08 of returns per unit of risk over similar time horizon. If you would invest 1,273,751 in LocalBitcoins Bitcoin USD on May 19, 2018 and sell it today you would lose (582,529) from holding LocalBitcoins Bitcoin USD or give up 45.73% of portfolio value over 30 days.