This module allows you to analyze existing cross correlation between Cexio Bitcoin USD and LocalBitcoins Bitcoin USD. You can compare the effects of market volatilities on Cexio 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 Cexio Bitcoin with a short position of LocalBitcoins Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Cexio Bitcoin and LocalBitcoins Bitcoin.
|Horizon||30 Days Login to change|
|Cexio Bitcoin USD|
Over the last 30 days Cexio Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, Cexio Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
|LocalBitcoins Bitcoin USD|
Over the last 30 days LocalBitcoins Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite nearly stable fundamental indicators, LocalBitcoins Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to mid-run losses for the stockholder.
Cexio Bitcoin and LocalBitcoins Bitcoin Volatility Contrast
Cexio Bitcoin USD vs. LocalBitcoins Bitcoin USD
If you would invest 0.00 in LocalBitcoins Bitcoin USD on August 21, 2019 and sell it today you would earn a total of 0.00 from holding LocalBitcoins Bitcoin USD or generate 0.0% return on investment over 30 days.
Pair Corralation between Cexio Bitcoin and LocalBitcoins Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for Cexio Bitcoin and LocalBitcoins Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding Cexio 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 Cexio 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 Cexio 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 Cexio Bitcoin i.e. Cexio Bitcoin and LocalBitcoins Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Global Markets Map module to get a quick overview of global market snapshot using zoomable world map. drill down to check world indexes.