LocalBitcoins Bitcoin (in USD) Risk Analysis And Volatility

LOCALBIBTC -- Cryptlandia Crypto  

USD 11,849  1,901  13.82%

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.

60 Days Market Risk

Abnormally risky

Chance of Distress in 24 months

Below average

60 Days Economic Sensitivity

Hyperactively responds to market trends
Horizon     30 Days    Login   to change

LocalBitcoins Bitcoin Market Sensitivity

As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, LocalBitcoins Bitcoin will likely underperform.
2 Months Beta |Analyze LocalBitcoins Bitcoin USD Demand Trend
Check current 30 days LocalBitcoins Bitcoin correlation with market (DOW)
β = 2.4313

LocalBitcoins Bitcoin Central Daily Price Deviation

LocalBitcoins Bitcoin USD Technical Analysis

Transformation
The output start index for this execution was zero with a total number of output elements of thirty-nine. The Median Price line plots median indexes of LocalBitcoins Bitcoin USD price series. View also all equity analysis or get more info about median price price transform indicator.

LocalBitcoins Bitcoin Projected Return Density Against Market

Assuming 30 trading days horizon, the crypto has beta coefficient of 2.4313 indicating as the benchmark fluctuates upward, the company is expected to outperform it on average . However, if the benchmark returns are expected to be negative, LocalBitcoins Bitcoin will likely underperform. In addition to that, The company has an alpha of 1.808 implying that it can potentially generate 1.808% excess return over DOW after adjusting for the inherited market risk (beta).
 Predicted Return Density 
      Returns 
Assuming 30 trading days horizon, the coefficient of variation of LocalBitcoins Bitcoin is 764.21. The daily returns are destributed with a variance of 323.84 and standard deviation of 18.0. The mean deviation of LocalBitcoins Bitcoin USD is currently at 12.21. For similar time horizon, the selected benchmark (DOW) has volatility of 0.91
α
Alpha over DOW
=1.81
β
Beta against DOW=2.43
σ
Overall volatility
=18.00
Ir
Information ratio =0.1

LocalBitcoins Bitcoin Return Volatility

the entity accepts 17.9954% volatility on return distribution over the 30 days horizon. the entity inherits 0.9349% risk (volatility on return distribution) over the 30 days horizon.
 Performance (%) 
      Timeline 

LocalBitcoins Bitcoin Investment Opportunity

LocalBitcoins Bitcoin USD has a volatility of 18.0 and is 19.35 times more volatile than DOW. 96% of all equities and portfolios are less risky than LocalBitcoins Bitcoin. Compared to the overall equity markets, volatility of historical daily returns of LocalBitcoins Bitcoin USD is higher than 96 (%) of all global equities and portfolios over the last 30 days. Use LocalBitcoins Bitcoin USD to protect your portfolios against small markets fluctuations. The crypto experiences very speculative upward sentiment. Check odds of LocalBitcoins Bitcoin to be traded at $11256.92 in 30 days. . As market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, LocalBitcoins Bitcoin will likely underperform.

LocalBitcoins Bitcoin correlation with market

correlation synergy
Average diversification
Overlapping area represents the amount of risk that can be diversified away by holding LocalBitcoins Bitcoin USD and equity matching DJI index in the same portfolio. Please note that LocalBitcoins Bitcoin USD is a digital instrument and cryptocurrency exchanges were notoriously volatile since the beginning of their establishment.

LocalBitcoins Bitcoin Current Risk Indicators

LocalBitcoins Bitcoin Suggested Diversification Pairs

Please see also Stocks Correlation. Please also try Commodity Channel Index module to use commodity channel index to analyze current equity momentum.
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