This module allows you to analyze existing cross correlation between LocalBitcoins Bitcoin USD and CCEX Dogecoin USD. You can compare the effects of market volatilities on LocalBitcoins Bitcoin and CCEX Dogecoin 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 CCEX Dogecoin. See also your portfolio center. Please also check ongoing floating volatility patterns of LocalBitcoins Bitcoin and CCEX Dogecoin.
|Time Horizon||30 Days Login to change|
LocalBitcoins Bitcoin USD vs. CCEX Dogecoin USD
Assuming 30 trading days horizon, LocalBitcoins Bitcoin USD is expected to generate 4.79 times more return on investment than CCEX Dogecoin. However, LocalBitcoins Bitcoin is 4.79 times more volatile than CCEX Dogecoin USD. It trades about 0.12 of its potential returns per unit of risk. CCEX Dogecoin USD is currently generating about -0.22 per unit of risk. If you would invest 1,273,751 in LocalBitcoins Bitcoin USD on May 19, 2018 and sell it today you would lose (245,093) from holding LocalBitcoins Bitcoin USD or give up 19.24% of portfolio value over 30 days.