LocalBitcoins Bitcoin USD vs. TrustDEX Bitcoin USD
Assuming 30 trading days horizon, LocalBitcoins Bitcoin USD is expected to generate 9.74 times more return on investment than TrustDEX Bitcoin. However, LocalBitcoins Bitcoin is 9.74 times more volatile than TrustDEX Bitcoin USD. It trades about 0.13 of its potential returns per unit of risk. TrustDEX Bitcoin USD is currently generating about -0.2 per unit of risk. If you would invest 869,377 in LocalBitcoins Bitcoin USD on May 21, 2018 and sell it today you would lose (57,481) from holding LocalBitcoins Bitcoin USD or give up 6.61% of portfolio value over 30 days.
Pair Corralation between LocalBitcoins Bitcoin and TrustDEX Bitcoin
|Time Period||1 Month [change]|
Overlapping area represents the amount of risk that can be diversified away by holding LocalBitcoins Bitcoin USD and TrustDEX Bitcoin USD in the same portfolio assuming nothing else is changed. The correlation between historical prices or returns on TrustDEX 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 TrustDEX Bitcoin. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when the price movement of TrustDEX Bitcoin USD has no effect on the direction of LocalBitcoins Bitcoin i.e. LocalBitcoins Bitcoin and TrustDEX Bitcoin go up and down completely randomly.
Compared to the overall equity markets, risk-adjusted returns on investments in LocalBitcoins Bitcoin USD are ranked lower than 8 (%) of all global equities and portfolios over the last 30 days.
Over the last 30 days TrustDEX Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.
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