Correlation Analysis 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.
Horizon     30 Days    Login   to change
Symbolsvs

LakeBTC Bitcoin USD  vs.  LocalBitcoins Bitcoin USD

LakeBTC

Bitcoin on LakeBTC in USD

 4,152 
17.31  0.42%
Market Cap: 5.9 B
  

LocalBitcoins

Bitcoin on LocalBitcoins in USD

 5,110 
(502.59)  8.96%
Market Cap: 2.1 B
(958.19)
23.08% Risk Free Arbitrage
All Coins Arbitrage Correlation
 Performance (%) 
      Timeline 

Pair Volatility

Assuming 30 trading days horizon, LakeBTC Bitcoin USD is expected to generate 3.88 times more return on investment than LocalBitcoins Bitcoin. However, LakeBTC Bitcoin is 3.88 times more volatile than LocalBitcoins Bitcoin USD. It trades about 0.13 of its potential returns per unit of risk. LocalBitcoins Bitcoin USD is currently generating about 0.17 per unit of risk. If you would invest  684,390  in LakeBTC Bitcoin USD on November 10, 2018 and sell it today you would lose (271,061)  from holding LakeBTC Bitcoin USD or give up 39.61% of portfolio value over 30 days.

Pair Corralation between LakeBTC Bitcoin and LocalBitcoins Bitcoin

0.46
Time Period2 Months [change]
DirectionPositive 
StrengthWeak
Accuracy97.73%
ValuesDaily Returns

Diversification

LakeBTC Bitcoin USD diversification synergy

Very weak 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 
      Returns 
LakeBTC Bitcoin USD  
8

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LakeBTC Bitcoin USD are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days.
LocalBitcoins Bitcoin USD  
11

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LocalBitcoins Bitcoin USD are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days.

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GOOG - USA Stock
Alphabet
Specialization
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Business Address1600 Amphitheatre Parkway
ExchangeNASDAQ
$1036.58

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