This module allows you to analyze existing cross correlation between LocalBitcoins Bitcoin USD and LiveCoin Stratis USD. You can compare the effects of market volatilities on LocalBitcoins Bitcoin and LiveCoin Stratis 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 LiveCoin Stratis. See also your portfolio center
. Please also check ongoing floating volatility patterns of LocalBitcoins Bitcoin
and LiveCoin Stratis
Compared to the overall equity markets, risk-adjusted returns on investments in LocalBitcoins Bitcoin USD are ranked lower than 10 (%) of all global equities and portfolios over the last 30 days.
Over the last 30 days LiveCoin Stratis USD has generated negative risk-adjusted returns adding no value to investors with long positions.
LocalBitcoins Bitcoin and LiveCoin Stratis Volatility Contrast
LocalBitcoins Bitcoin USD vs. LiveCoin Stratis USD
Assuming 30 trading days horizon, LocalBitcoins Bitcoin USD is expected to generate 2.83 times more return on investment than LiveCoin Stratis. However, LocalBitcoins Bitcoin is 2.83 times more volatile than LiveCoin Stratis USD. It trades about 0.16 of its potential returns per unit of risk. LiveCoin Stratis USD is currently generating about -0.01 per unit of risk. If you would invest 632,050 in LocalBitcoins Bitcoin USD on November 19, 2018 and sell it today you would lose (82,050) from holding LocalBitcoins Bitcoin USD or give up 12.98% of portfolio value over 30 days.
Pair Corralation between LocalBitcoins Bitcoin and LiveCoin Stratis
|Time Period||2 Months [change]|
Diversification Opportunities for LocalBitcoins Bitcoin and LiveCoin Stratis
Very weak diversification
Overlapping area represents the amount of risk that can be diversified away by holding LocalBitcoins Bitcoin USD and LiveCoin Stratis USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on LiveCoin Stratis 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 LiveCoin Stratis. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of LiveCoin Stratis USD has no effect on the direction of LocalBitcoins Bitcoin i.e. LocalBitcoins Bitcoin and LiveCoin Stratis go up and down completely randomly.
See also your portfolio center
. Please also try Instant Ratings
module to determine any equity ratings based on digital recommendations. macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.