LocalBitcoins Bitcoin (in USD) Backtesting

LOCALBIBTC -- Cryptlandia Crypto  

USD 11,849  1,901  13.82%

With this equity back-testing module your can estimate the performance of a buy and hold strategy of LocalBitcoins Bitcoin USD and determine expected loss or profit from investing in LocalBitcoins Bitcoin over given investment horizon. Please see also Bitcoin Browser, LocalBitcoins Bitcoin Correlation, Portfolio Optimization, LocalBitcoins Bitcoin Volatility as well as analyze Investing Opportunities and LocalBitcoins Bitcoin Performance.
Horizon     30 Days    Login   to change
SymbolX
Backtest

LocalBitcoins Bitcoin 'What if' Analysis

June 21, 2019
0.00
No Change 0.00  0.0%
In 2 months and 1 day
August 20, 2019
0.00
If you would invest  0.00  in LocalBitcoins Bitcoin on June 21, 2019 and sell it all today you would earn a total of 0.00 from holding LocalBitcoins Bitcoin USD or generate 0.0% return on investment in LocalBitcoins Bitcoin over 60 days. LocalBitcoins Bitcoin is related to or competes with BitTrex Komodo, LiveCoin CapriCoin, LiveCoin Dash, Bitfinex Dash, Exmo Dash, Kraken Dash, and SingularityX Dash. LocalBitcoins Bitcoin USD is a digital security from online money exchange where you can buy or sell Bitcoin for US Doll...

LocalBitcoins Bitcoin Upside/Downside Indicators

Downside Deviation15.43
Information Ratio0.0984
Maximum Drawdown106.4
Value At Risk(23.57)
Potential Upside31.02

LocalBitcoins Bitcoin Market Premium Indicators

Risk Adjusted Performance0.0982
Jensen Alpha1.81
Total Risk Alpha2.4
Sortino Ratio0.114
Treynor Ratio0.7092

LocalBitcoins Bitcoin USD Backtested Returns

LocalBitcoins Bitcoin is abnormally risky given 2 months investment horizon. LocalBitcoins Bitcoin USD has Sharpe Ratio of 0.1309 which conveys that ##coin2## had 0.1309% of return per unit of risk over the last 2 months. Our philosophy towards estimating volatility of a crypto is to use LocalBitcoins Bitcoin USD market data together with coin specific technical indicators. We found twenty-one different technical indicators which can help you to evaluate if expected returns of 2.3548% are justified by taking the suggested risk. Use LocalBitcoins Bitcoin USD Risk Adjusted Performance of 0.0982, Downside Deviation of 15.43 and Mean Deviation of 12.18 to evaluate coin specific risk that cannot be diversified away. The crypto secures Beta (Market Risk) of 2.4313 which conveys that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, LocalBitcoins Bitcoin will likely underperform. 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 2.3548 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.
Advice Volatility Trend Exposure Correlations
15 days auto-correlation 0.38 
correlation synergy

Below average predictability

LocalBitcoins Bitcoin USD has below average predictability. Overlapping area represents the amount of predictability between LocalBitcoins Bitcoin time series from June 21, 2019 to July 21, 2019 and July 21, 2019 to August 20, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of LocalBitcoins Bitcoin USD price movement. The serial correlation of 0.38 indicates that just about 38.0% of current LocalBitcoins Bitcoin price fluctuation can be explain by its past prices.
Correlation Coefficient0.38
Spearman Rank Test-0.05
Residual Average0.0
Price Variance1244901.86

LocalBitcoins Bitcoin USD lagged returns against current returns

 Current and Lagged Values 
      Timeline 

LocalBitcoins Bitcoin regressed lagged prices vs. current prices

 Current vs Lagged Prices 
      Timeline 

LocalBitcoins Bitcoin Lagged Returns

 Regressed Prices 
      Timeline 

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Please see also Bitcoin Browser, LocalBitcoins Bitcoin Correlation, Portfolio Optimization, LocalBitcoins Bitcoin Volatility as well as analyze Investing Opportunities and LocalBitcoins Bitcoin Performance. Please also try Portfolio Manager module to state of the art portfolio manager to monitor and improve performance of your invested capital.
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