This module allows you to analyze existing cross correlation between Kraken Augur USD and LocalBitcoins Bitcoin USD. You can compare the effects of market volatilities on Kraken Augur 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 Augur with a short position of LocalBitcoins Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Kraken Augur and LocalBitcoins Bitcoin.
|Time Horizon||30 Days Login to change|
Kraken Augur USD vs. LocalBitcoins Bitcoin USD
Assuming 30 trading days horizon, Kraken Augur USD is expected to under-perform the LocalBitcoins Bitcoin. But the crypto apears to be less risky and, when comparing its historical volatility, Kraken Augur USD is 5.83 times less risky than LocalBitcoins Bitcoin. The crypto trades about -0.05 of its potential returns per unit of risk. The LocalBitcoins Bitcoin USD is currently generating about 0.15 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 46,246 from holding LocalBitcoins Bitcoin USD or generate 5.71% return on investment over 30 days.