This module allows you to analyze existing cross correlation between Kraken Bitcoin USD and LocalBitcoins Bitcoin USD. You can compare the effects of market volatilities on Kraken 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 Kraken Bitcoin with a short position of LocalBitcoins Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Kraken Bitcoin and LocalBitcoins Bitcoin.
|Time Horizon||30 Days Login to change|
Kraken Bitcoin USD vs. LocalBitcoins Bitcoin USD
Assuming 30 trading days horizon, Kraken Bitcoin USD is expected to under-perform the LocalBitcoins Bitcoin. But the crypto apears to be less risky and, when comparing its historical volatility, Kraken Bitcoin USD is 10.8 times less risky than LocalBitcoins Bitcoin. The crypto trades about -0.11 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 809,270 in LocalBitcoins Bitcoin USD on May 22, 2018 and sell it today you would earn a total of 9,585 from holding LocalBitcoins Bitcoin USD or generate 1.18% return on investment over 30 days.