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.
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.
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LocalBitcoins Bitcoin USD Relative Risk vs. Return LandscapeIf 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 (%)
LocalBitcoins Bitcoin Market Risk Analysis
Sharpe Ratio = 0.7071
LocalBitcoins Bitcoin Relative Performance Indicators
Estimated Market Risk