The organization shows Beta (market volatility) of 0.0 which signifies that the returns on MARKET and BitTrex Ethereum are completely uncorrelated. Although it is essential to pay attention to BitTrex 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 fundamental and technical indicators. To evaluate if BitTrex Ethereum USD expected return of 1.7581 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 BitTrex Ethereum USD are ranked lower than 37 (%) of all global equities and portfolios over the last 30 days. Inspite fairly fragile basic indicators, BitTrex Ethereum showed solid returns over the last few months and may actually be approaching a breakup point.
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BitTrex Ethereum USD Relative Risk vs. Return LandscapeIf you would invest 20,607 in BitTrex Ethereum USD on August 21, 2019 and sell it today you would earn a total of 1,085 from holding BitTrex Ethereum USD or generate 5.27% return on investment over 30 days. BitTrex Ethereum USD is generating 1.7581% of daily returns and assumes 3.1896% volatility on return distribution over the 30 days horizon. Simply put, 28% of equities are less volatile than BitTrex Ethereum and 67% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
BitTrex Ethereum Market Risk Analysis
Sharpe Ratio = 0.5512
BitTrex Ethereum Relative Performance Indicators
Estimated Market Risk