LocalBitcoins Bitcoin (in USD) Performance

LOCALBIBTC -- Cryptlandia Crypto  

USD 8,250  1,837  18.21%

The crypto secures Beta (Market Risk) of 0.0 which conveys that the returns on MARKET and LocalBitcoins Bitcoin are completely uncorrelated. Although it is essential to pay attention to LocalBitcoins Bitcoin USD price patterns, it is also good to be reasonable about what you can actually do with equity historical price patterns. Macroaxis philosophy towards estimating future performance of any crypto is to look not only at its past charts but also at the business as a whole, including all available fundamental and technical indicators. To evaluate if LocalBitcoins Bitcoin expected return of 2.5722 will be sustainable into the future, we have found twenty-one different technical indicators which can help you to check if the expected returns are sustainable.
4848

Risk-Adjusted Performance

Compared to the overall equity markets, risk-adjusted returns on investments in LocalBitcoins Bitcoin USD are ranked lower than 48 (%) of all global equities and portfolios over the last 30 days. Despite nearly weak fundamental indicators, LocalBitcoins Bitcoin layed out solid returns over the last few months and may actually be approaching a breakup point.
Horizon     30 Days    Login   to change

LocalBitcoins Bitcoin USD Relative Risk vs. Return Landscape

If you would invest  1,008,769  in LocalBitcoins Bitcoin USD on September 15, 2019 and sell it today you would earn a total of  51,895  from holding LocalBitcoins Bitcoin USD or generate 5.14% return on investment over 30 days. LocalBitcoins Bitcoin USD is generating 2.5722% of daily returns and assumes 3.6376% volatility on return distribution over the 30 days horizon. Simply put, 32% of equities are less volatile than LocalBitcoins Bitcoin and 52% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming 30 trading days horizon, LocalBitcoins Bitcoin is expected to generate 3.69 times more return on investment than the market. However, the company is 3.69 times more volatile than its market benchmark. It trades about 0.71 of its potential returns per unit of risk. The DOW is currently generating roughly -0.01 per unit of risk.

LocalBitcoins Bitcoin Market Risk Analysis

Sharpe Ratio = 0.7071
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LocalBitcoins Bitcoin Relative Performance Indicators

Estimated Market Risk
 3.64
  actual daily
 
 32 %
of total potential
 
3232
Expected Return
 2.57
  actual daily
 
 48 %
of total potential
 
4848
Risk-Adjusted Return
 0.71
  actual daily
 
 48 %
of total potential
 
4848
Based on monthly moving average LocalBitcoins Bitcoin is performing at about 48% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of LocalBitcoins Bitcoin by adding it to a well-diversified portfolio.

LocalBitcoins Bitcoin Alerts

Equity Alerts and Improvement Suggestions

LocalBitcoins Bitcoin is not yet fully synchronised with the market data
LocalBitcoins Bitcoin appears to be very risky and stock price may revert if volatility continues
Please see also Stocks Correlation. Please also try Aroon Oscillator module to analyze current equity momentum using aroon oscillator and other momentum ratios.
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