The organization shows Beta (market volatility) of 0.0 which signifies that the returns on MARKET and Bitfinex Ethereum are completely uncorrelated. Although it is essential to pay attention to Bitfinex Ethereum USD historical returns, it is also good to be reasonable about what you can actually do with equity current trending patterns. Macroaxis philosophy towards foreseeing 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 Bitfinex Ethereum USD expected return of 3.3343 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.
Compared to the overall equity markets, risk-adjusted returns on investments in Bitfinex Ethereum USD are ranked lower than 48 (%) of all global equities and portfolios over the last 30 days. In spite of rather fragile fundamental drivers, Bitfinex Ethereum exhibited solid returns over the last few months and may actually be approaching a breakup point.
|Horizon||30 Days Login to change|
Bitfinex Ethereum USD Relative Risk vs. Return LandscapeIf you would invest 20,649 in Bitfinex Ethereum USD on August 20, 2019 and sell it today you would earn a total of 1,377 from holding Bitfinex Ethereum USD or generate 6.67% return on investment over 30 days. Bitfinex Ethereum USD is generating 3.3343% of daily returns and assumes 4.7154% volatility on return distribution over the 30 days horizon. Simply put, 42% of equities are less volatile than Bitfinex Ethereum and 37% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
Bitfinex Ethereum Market Risk Analysis
Sharpe Ratio = 0.7071
Bitfinex Ethereum Relative Performance Indicators
Estimated Market Risk