Wrapped Bitcoin Performance
| WBTC Crypto | USD 68,296 43.80 0.06% |
The entity maintains a market beta of -0.006, which attests to not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Wrapped Bitcoin are expected to decrease at a much lower rate. During the bear market, Wrapped Bitcoin is likely to outperform the market.
Risk-Adjusted Performance
3 of 100
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Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Wrapped Bitcoin are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, Wrapped Bitcoin may actually be approaching a critical reversion point that can send shares even higher in July 2024. ...more
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Wrapped Bitcoin Relative Risk vs. Return Landscape
If you would invest 6,399,552 in Wrapped Bitcoin on March 2, 2024 and sell it today you would earn a total of 430,004 from holding Wrapped Bitcoin or generate 6.72% return on investment over 90 days. Wrapped Bitcoin is generating 0.1546% of daily returns and assumes 3.3024% volatility on return distribution over the 90 days horizon. Simply put, 29% of crypto coins are less volatile than Wrapped, and 97% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Wrapped Bitcoin Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wrapped Bitcoin's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Wrapped Bitcoin, and traders can use it to determine the average amount a Wrapped Bitcoin's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.
Sharpe Ratio = 0.0468
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.3 actual daily | 29 71% of assets are more volatile |
Expected Return
| 0.15 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 3 97% of assets perform better |
Based on monthly moving average Wrapped Bitcoin is performing at about 3% 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 Wrapped Bitcoin by adding it to a well-diversified portfolio.
About Wrapped Bitcoin Performance
To evaluate Wrapped Bitcoin Crypto Coin as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Wrapped Bitcoin generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Wrapped Crypto Coin's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Wrapped Bitcoin market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Wrapped's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.Wrapped Bitcoin is peer-to-peer digital currency powered by the Blockchain technology.| Wrapped Bitcoin had very high historical volatility over the last 90 days |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wrapped Bitcoin. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..