This module allows you to analyze existing cross correlation between LocalBitcoins Bitcoin USD and Bitfinex NEO USD. You can compare the effects of market volatilities on LocalBitcoins Bitcoin and Bitfinex NEO 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 LocalBitcoins Bitcoin with a short position of Bitfinex NEO. See also your portfolio center. Please also check ongoing floating volatility patterns of LocalBitcoins Bitcoin and Bitfinex NEO.
|Time Horizon||30 Days Login to change|
LocalBitcoins Bitcoin USD vs. Bitfinex NEO USD
Assuming 30 trading days horizon, LocalBitcoins Bitcoin USD is expected to generate 6.68 times more return on investment than Bitfinex NEO. However, LocalBitcoins Bitcoin is 6.68 times more volatile than Bitfinex NEO USD. It trades about 0.08 of its potential returns per unit of risk. Bitfinex NEO USD is currently generating about -0.27 per unit of risk. If you would invest 1,128,500 in LocalBitcoins Bitcoin USD on May 20, 2018 and sell it today you would lose (488,665) from holding LocalBitcoins Bitcoin USD or give up 43.3% of portfolio value over 30 days.