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.
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.