This module allows you to analyze existing cross correlation between Gemini Bitcoin USD and LocalBitcoins Bitcoin USD. You can compare the effects of market volatilities on Gemini 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 Gemini Bitcoin with a short position of LocalBitcoins Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Gemini Bitcoin and LocalBitcoins Bitcoin.
|Time Horizon||30 Days Login to change|
Gemini Bitcoin USD vs. LocalBitcoins Bitcoin USD
Assuming 30 trading days horizon, Gemini Bitcoin USD is expected to under-perform the LocalBitcoins Bitcoin. But the crypto apears to be less risky and, when comparing its historical volatility, Gemini Bitcoin USD is 9.58 times less risky than LocalBitcoins Bitcoin. The crypto trades about -0.18 of its potential returns per unit of risk. The LocalBitcoins Bitcoin USD is currently generating about 0.14 of returns per unit of risk over similar time horizon. If you would invest 829,176 in LocalBitcoins Bitcoin USD on May 25, 2018 and sell it today you would lose (3,872) from holding LocalBitcoins Bitcoin USD or give up 0.47% of portfolio value over 30 days.