This module allows you to analyze existing cross correlation between LocalBitcoins Bitcoin USD and Yobit Ethereum Classic USD. You can compare the effects of market volatilities on LocalBitcoins Bitcoin and Yobit Ethereum 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 Yobit Ethereum. See also your portfolio center. Please also check ongoing floating volatility patterns of LocalBitcoins Bitcoin and Yobit Ethereum.
|Time Horizon||30 Days Login to change|
LocalBitcoins Bitcoin USD vs. Yobit Ethereum Classic USD
Assuming 30 trading days horizon, LocalBitcoins Bitcoin USD is expected to generate 7.43 times more return on investment than Yobit Ethereum. However, LocalBitcoins Bitcoin is 7.43 times more volatile than Yobit Ethereum Classic USD. It trades about 0.15 of its potential returns per unit of risk. Yobit Ethereum Classic USD is currently generating about -0.07 per unit of risk. If you would invest 1,128,500 in LocalBitcoins Bitcoin USD on May 20, 2018 and sell it today you would earn a total of 44,954 from holding LocalBitcoins Bitcoin USD or generate 3.98% return on investment over 30 days.