This module allows you to analyze existing cross correlation between LocalBitcoins Bitcoin USD and P2PB2B Bancor Network Token USD. You can compare the effects of market volatilities on LocalBitcoins Bitcoin and P2PB2B Bancor 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 P2PB2B Bancor. See also your portfolio center. Please also check ongoing floating volatility patterns of LocalBitcoins Bitcoin and P2PB2B Bancor.
|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 fragile fundamental indicators, LocalBitcoins Bitcoin layed out solid returns over the last few months and may actually be approaching a breakup point.
|P2PB2B Bancor Network|
Over the last 30 days P2PB2B Bancor Network Token USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, P2PB2B Bancor is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
LocalBitcoins Bitcoin and P2PB2B Bancor Volatility Contrast
LocalBitcoins Bitcoin USD vs. P2PB2B Bancor Network Token US
If you would invest 1,119,735 in LocalBitcoins Bitcoin USD on August 22, 2019 and sell it today you would earn a total of 248,735 from holding LocalBitcoins Bitcoin USD or generate 22.21% return on investment over 30 days.
Pair Corralation between LocalBitcoins Bitcoin and P2PB2B Bancor
|Time Period||3 Months [change]|
Diversification Opportunities for LocalBitcoins Bitcoin and P2PB2B Bancor
Overlapping area represents the amount of risk that can be diversified away by holding LocalBitcoins Bitcoin USD and P2PB2B Bancor Network Token US in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on P2PB2B Bancor Network 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 P2PB2B Bancor. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of P2PB2B Bancor Network has no effect on the direction of LocalBitcoins Bitcoin i.e. LocalBitcoins Bitcoin and P2PB2B Bancor go up and down completely randomly.
See also your portfolio center. Please also try Money Flow Index module to determine momentum by analyzing money flow index and other technical indicators.