This module allows you to analyze existing cross correlation between Yobit Bitcloud USD and LocalBitcoins Bitcoin USD. You can compare the effects of market volatilities on Yobit Bitcloud and LocalBitcoins Bitcoin 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 Yobit Bitcloud with a short position of LocalBitcoins Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit Bitcloud and LocalBitcoins Bitcoin.
|Time Horizon||30 Days Login to change|
Yobit Bitcloud USD vs. LocalBitcoins Bitcoin USD
Assuming 30 trading days horizon, Yobit Bitcloud USD is expected to under-perform the LocalBitcoins Bitcoin. But the crypto apears to be less risky and, when comparing its historical volatility, Yobit Bitcloud USD is 4.81 times less risky than LocalBitcoins Bitcoin. The crypto trades about -0.07 of its potential returns per unit of risk. The LocalBitcoins Bitcoin USD is currently generating about 0.08 of returns per unit of risk over similar time horizon. If you would invest 1,128,500 in LocalBitcoins Bitcoin USD on May 20, 2018 and sell it today you would lose (488,665) from holding LocalBitcoins Bitcoin USD or give up 43.3% of portfolio value over 30 days.