This module allows you to analyze existing cross correlation between LocalBitcoins Bitcoin USD and Coinbase Bitcoin USD. You can compare the effects of market volatilities on LocalBitcoins Bitcoin and Coinbase 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 LocalBitcoins Bitcoin with a short position of Coinbase Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of LocalBitcoins Bitcoin and Coinbase Bitcoin.
|Time Horizon||30 Days Login to change|
LocalBitcoins Bitcoin USD vs. Coinbase Bitcoin USD
Assuming 30 trading days horizon, LocalBitcoins Bitcoin USD is expected to generate 11.0 times more return on investment than Coinbase Bitcoin. However, LocalBitcoins Bitcoin is 11.0 times more volatile than Coinbase Bitcoin USD. It trades about 0.14 of its potential returns per unit of risk. Coinbase Bitcoin USD is currently generating about -0.12 per unit of risk. If you would invest 809,270 in LocalBitcoins Bitcoin USD on May 22, 2018 and sell it today you would earn a total of 9,585 from holding LocalBitcoins Bitcoin USD or generate 1.18% return on investment over 30 days.