This module allows you to analyze existing cross correlation between Yobit Iconic USD and LocalBitcoins Bitcoin USD. You can compare the effects of market volatilities on Yobit Iconic 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 Iconic with a short position of LocalBitcoins Bitcoin. See also your portfolio center. Please also check ongoing floating volatility patterns of Yobit Iconic and LocalBitcoins Bitcoin.
|Time Horizon||30 Days Login to change|
Yobit Iconic USD vs. LocalBitcoins Bitcoin USD
Assuming 30 trading days horizon, Yobit Iconic is expected to generate 2.97 times less return on investment than LocalBitcoins Bitcoin. But when comparing it to its historical volatility, Yobit Iconic USD is 1.31 times less risky than LocalBitcoins Bitcoin. It trades about 0.06 of its potential returns per unit of risk. LocalBitcoins Bitcoin USD is currently generating about 0.13 of returns per unit of risk over similar time horizon. If you would invest 980,769 in LocalBitcoins Bitcoin USD on May 23, 2018 and sell it today you would lose (126,241) from holding LocalBitcoins Bitcoin USD or give up 12.87% of portfolio value over 30 days.