This module allows you to analyze existing cross correlation between LocalBitcoins Bitcoin USD and Bitfinex SingularDTV USD. You can compare the effects of market volatilities on LocalBitcoins Bitcoin and Bitfinex SingularDTV 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 SingularDTV. See also your portfolio center. Please also check ongoing floating volatility patterns of LocalBitcoins Bitcoin and Bitfinex SingularDTV.
|Time Horizon||30 Days Login to change|
LocalBitcoins Bitcoin USD vs. Bitfinex SingularDTV USD
Assuming 30 trading days horizon, LocalBitcoins Bitcoin USD is expected to generate 4.34 times more return on investment than Bitfinex SingularDTV. However, LocalBitcoins Bitcoin is 4.34 times more volatile than Bitfinex SingularDTV USD. It trades about 0.14 of its potential returns per unit of risk. Bitfinex SingularDTV USD is currently generating about -0.23 per unit of risk. If you would invest 838,300 in LocalBitcoins Bitcoin USD on May 18, 2018 and sell it today you would lose (6,900) from holding LocalBitcoins Bitcoin USD or give up 0.82% of portfolio value over 30 days.