|KRAKENETH -- Cryptlandia Crypto|| |
USD 124.34 4.06 0.03%
The crypto secures Beta (Market Risk) of -1.3324 which conveys that as returns on market increase, returns on owning Kraken Ethereum are expected to decrease by larger amounts. On the other hand, during market turmoil, Kraken Ethereum is expected to significantly outperform it. Although it is extremely important to respect Kraken Ethereum USD price patterns
, it is better to be realistic regarding the information on 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
. By analyzing Kraken Ethereum USD technical indicators
you can presently evaluate if the expected return of 0.0276% will be sustainable into the future.
Kraken Ethereum USD Relative Risk vs. Return Landscape
If you would invest 13,460
in Kraken Ethereum USD on December 20, 2018
and sell it today you would lose (1,402)
from holding Kraken Ethereum USD or give up 10.42%
of portfolio value over 30
days. Kraken Ethereum USD is generating 0.0276% of daily returns and assumes 7.5171% volatility on return distribution over the 30 days horizon. Simply put, 68% of equities are less volatile than Kraken Ethereum and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
Assuming 30 trading days horizon, Kraken Ethereum is expected to generate 1.54 times less return on investment than the market. In addition to that, the company is 3.81 times more volatile than its market benchmark. It trades about 0.0 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.02 per unit of volatility.
Kraken Ethereum Market Risk Analysis
Sharpe Ratio = 0.0037
Kraken Ethereum Relative Performance Indicators
Estimated Market Risk
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Based on monthly moving average Kraken Ethereum is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Kraken Ethereum
by adding it to a well-diversified
Over the last 30 days Kraken Ethereum USD has generated negative risk-adjusted returns adding no value to investors with long positions.
|Kraken Ethereum USD has very high historical volatility over the last 30 days|