The crypto secures Beta (Market Risk) of 0.0 which conveys that the returns on MARKET and Kraken Monero are completely uncorrelated. Although it is vital to follow to Kraken Monero 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 technical indicators for Kraken Monero which you can use to evaluate performance of the organization.
Compared to the overall equity markets, risk-adjusted returns on investments in Kraken Monero USD are ranked lower than 11 (%) of all global equities and portfolios over the last 30 days. Despite somewhat weak basic indicators, Kraken Monero sustained solid returns over the last few months and may actually be approaching a breakup point.
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Kraken Monero USD Relative Risk vs. Return LandscapeIf you would invest 6,868 in Kraken Monero USD on May 19, 2019 and sell it today you would earn a total of 2,745 from holding Kraken Monero USD or generate 39.97% return on investment over 30 days. Kraken Monero USD is generating 0.9521% of daily returns and assumes 5.5962% volatility on return distribution over the 30 days horizon. Simply put, 50% of equities are less volatile than Kraken Monero and 82% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
Kraken Monero Market Risk Analysis
Sharpe Ratio = 0.1701
Kraken Monero Relative Performance Indicators
Estimated Market Risk