We consider Cexio Bitcoin risky. Cexio Bitcoin USD
secures Sharpe Ratio (or Efficiency) of 0.0085 which signifies that the crypto had 0.0085% of return per unit of risk over the last 2 months. Our philosophy towards foreseeing volatility of a crypto is to use all available market data together with crypto specific technical indicators
that cannot be diversified away. We have found twenty-one technical indicators
for Cexio Bitcoin USD which you can use to evaluate future volatility of the entity. Please confirm Cexio Bitcoin USD Risk Adjusted Performance
of 0.1001, Downside Deviation
of 3.11 and Mean Deviation
of 1.83 to double-check if risk estimate we provide are consistent with the epected return of 0.0217%. The organization shows Beta (market volatility) of 0.2465 which signifies that as returns on market increase, Cexio Bitcoin returns are expected to increase less than the market. However during bear market, the loss on holding Cexio Bitcoin will be expected to be smaller as well. Although it is extremely important to respect Cexio Bitcoin USD
historical returns, it is better to be realistic regarding the information on equity current trending patterns. The philosophy towards foreseeing 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 Cexio Bitcoin USD technical indicators
you can presently evaluate if the expected return of 0.0217% will be sustainable into the future.
Very good reverse predictability
Cexio Bitcoin USD has very good reverse predictability. Overlapping area represents the amount of predictability between Cexio Bitcoin time series from December 21, 2018 to January 20, 2019 and January 20, 2019 to February 19, 2019. The more autocorrelation exist between current time interval and its lagged values, the more accurately you can make projection about the future pattern of Cexio Bitcoin USD price movement. The serial correlation of -0.63 indicates that roughly 63.0% of current Cexio Bitcoin price fluctuation can be explain by its past prices. Given that Cexio Bitcoin USD has negative autocorrelation for selected time horizon, investors may consider taking a contrarian position regarding future price movement of Cexio Bitcoin for similar time interval.