This module allows you to analyze existing cross correlation between LocalBitcoins Bitcoin USD and Liquid Bitcoin USD. You can compare the effects of market volatilities on LocalBitcoins Bitcoin and Liquid 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 Liquid Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of LocalBitcoins Bitcoin and Liquid 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 nearly stable fundamental indicators, LocalBitcoins Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to mid-run losses for the stockholder.
|Liquid Bitcoin USD|
Over the last 30 days Liquid Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat fragile basic indicators, Liquid Bitcoin sustained solid returns over the last few months and may actually be approaching a breakup point.
LocalBitcoins Bitcoin and Liquid Bitcoin Volatility Contrast
LocalBitcoins Bitcoin USD vs. Liquid Bitcoin USD
If you would invest 988,133 in Liquid Bitcoin USD on August 21, 2019 and sell it today you would earn a total of 29,591 from holding Liquid Bitcoin USD or generate 2.99% return on investment over 30 days.
Pair Corralation between LocalBitcoins Bitcoin and Liquid Bitcoin
|Time Period||3 Months [change]|
Diversification Opportunities for LocalBitcoins Bitcoin and Liquid Bitcoin
Overlapping area represents the amount of risk that can be diversified away by holding LocalBitcoins Bitcoin USD and Liquid Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on Liquid 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 Liquid Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of Liquid Bitcoin USD has no effect on the direction of LocalBitcoins Bitcoin i.e. LocalBitcoins Bitcoin and Liquid Bitcoin go up and down completely randomly.
See also your portfolio center. Please also try Insider Screener module to find insiders across different sectors to evaluate their impact on performance.