The crypto secures Beta (Market Risk) of -1.0266 which conveys that Although it is vital to follow to LocalBitcoins Bitcoin USD price patterns, it is good to be conservative about what you can actually do with the information regarding equity historical price patterns. The philosophy towards estimating future performance of any crypto is to evaluate the business as a whole together with its past performance including all available fundamental and technical indicators. We have found twenty-one technical indicators for LocalBitcoins Bitcoin which you can use to evaluate performance of the organization.
Compared to the overall equity markets, risk-adjusted returns on investments in LocalBitcoins Bitcoin USD are ranked lower than 3 (%) 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.
|Horizon||30 Days Login to change|
LocalBitcoins Bitcoin USD Relative Risk vs. Return LandscapeIf you would invest 1,277,988 in LocalBitcoins Bitcoin USD on July 24, 2019 and sell it today you would lose (247,988) from holding LocalBitcoins Bitcoin USD or give up 19.4% of portfolio value over 30 days. LocalBitcoins Bitcoin USD is generating 0.9129% of daily returns and assumes 17.1775% volatility on return distribution over the 30 days horizon. Simply put, majority of traded equity instruments are less risky than LocalBitcoins Bitcoin on the bases of their historical return distribution and most 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 = 0.0531
LocalBitcoins Bitcoin Relative Performance Indicators
Estimated Market Risk