The crypto secures Beta (Market Risk) of 0.1283 which conveys that as returns on market increase, Kraken Monero returns are expected to increase less than the market. However during bear market, the loss on holding Kraken Monero will be expected to be smaller as well. Even though it is essential to pay attention to Kraken Monero USD price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis philosophy towards estimating future performance of any crypto is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Kraken Monero exposes twenty-one different technical indicators which can help you to evaluate its performance.
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Kraken Monero USD Relative Risk vs. Return LandscapeIf you would invest 5,476 in Kraken Monero USD on January 18, 2019 and sell it today you would lose (773.00) from holding Kraken Monero USD or give up 14.12% of portfolio value over 30 days. Kraken Monero USD is generating negative expected returns and assumes 5.0018% volatility on return distribution over the 30 days horizon. Simply put, 45% of equities are less volatile than Kraken Monero and 99% 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 = -0.0493
Kraken Monero Relative Performance Indicators
Estimated Market Risk
Risk-Adjusted PerformanceOver the last 30 days Kraken Monero USD has generated negative risk-adjusted returns adding no value to investors with long positions.