Pair Correlation Between LakeBTC Bitcoin and LocalBitcoins Bitcoin

This module allows you to analyze existing cross correlation between LakeBTC Bitcoin USD and LocalBitcoins Bitcoin USD. You can compare the effects of market volatilities on LakeBTC 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 LakeBTC Bitcoin with a short position of LocalBitcoins Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of LakeBTC Bitcoin and LocalBitcoins Bitcoin.
 Time Horizon     30 Days    Login   to change
 LakeBTC Bitcoin USD  vs   LocalBitcoins Bitcoin USD


Bitcoin on LakeBTC in USD
(1,807)  12.48%
Market Cap: 448.5 B


Bitcoin on LocalBitcoins in USD
(7,347)  38.58%
Market Cap: 4.4 B
 Performance (%) 

Pair Volatility

Assuming 30 trading days horizon, LakeBTC Bitcoin USD is expected to under-perform the LocalBitcoins Bitcoin. But the crypto apears to be less risky and, when comparing its historical volatility, LakeBTC Bitcoin USD is 4.76 times less risky than LocalBitcoins Bitcoin. The crypto trades about -0.12 of its potential returns per unit of risk. The LocalBitcoins Bitcoin USD is currently generating about 0.05 of returns per unit of risk over similar time horizon. If you would invest  2,195,996  in LocalBitcoins Bitcoin USD on December 17, 2017 and sell it today you would lose (1,026,200)  from holding LocalBitcoins Bitcoin USD or give up 46.73% of portfolio value over 30 days.

Correlation Coefficient

Pair Corralation between LakeBTC Bitcoin and LocalBitcoins Bitcoin


Time Period1 Month [change]
ValuesDaily Returns


Poor diversification

Overlapping area represents the amount of risk that can be diversified away by holding LakeBTC 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 LakeBTC 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 LakeBTC 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 LakeBTC Bitcoin i.e. LakeBTC Bitcoin and LocalBitcoins Bitcoin go up and down completely randomly.

Comparative Volatility

 Predicted Return Density 

LakeBTC Bitcoin USD


Risk-Adjusted Performance

Over the last 30 days LakeBTC Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.

LakeBTC Bitcoin USD

Pair trading matchups for LakeBTC Bitcoin

LocalBitcoins Bitcoin USD


Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LocalBitcoins Bitcoin USD are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days.

LocalBitcoins Bitcoin USD

Pair trading matchups for LocalBitcoins Bitcoin