This module allows you to analyze existing cross correlation between LocalBitcoins Bitcoin USD and Exmo Bitcoin USD. You can compare the effects of market volatilities on LocalBitcoins Bitcoin and Exmo 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 Exmo Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of LocalBitcoins Bitcoin and Exmo Bitcoin.
|Horizon||30 Days Login to change|
|LocalBitcoins Bitcoin USD|
Over the last 30 days LocalBitcoins Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Crypto's fundamental indicators remain nearly stable which may send shares a bit higher in October 2019. The prevalent disturbance may also be a sign of long-run up-swing for the entity stockholder.
|Exmo Bitcoin USD|
Over the last 30 days Exmo Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of comparatively unchanging essential indicators, Exmo Bitcoin is not utilizing all of its potentials. The prevalent stock price uproar, may contribute to short horizon losses for the leadership.
LocalBitcoins Bitcoin and Exmo Bitcoin Volatility Contrast
LocalBitcoins Bitcoin USD vs. Exmo Bitcoin USD
Assuming 30 trading days horizon, LocalBitcoins Bitcoin USD is expected to under-perform the Exmo Bitcoin. In addition to that, LocalBitcoins Bitcoin is 96.45 times more volatile than Exmo Bitcoin USD. It trades about -0.71 of its total potential returns per unit of risk. Exmo Bitcoin USD is currently generating about 0.71 per unit of volatility. If you would invest 1,008,690 in Exmo Bitcoin USD on August 20, 2019 and sell it today you would earn a total of 1,310 from holding Exmo Bitcoin USD or generate 0.13% return on investment over 30 days.
Pair Corralation between LocalBitcoins Bitcoin and Exmo Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for LocalBitcoins Bitcoin and Exmo Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding LocalBitcoins Bitcoin USD and Exmo Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Exmo Bitcoin USD and LocalBitcoins 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 LocalBitcoins Bitcoin USD are associated (or correlated) with Exmo Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Exmo Bitcoin USD has no effect on the direction of LocalBitcoins Bitcoin i.e. LocalBitcoins Bitcoin and Exmo Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.