The organization shows Beta (market volatility) of 0.0 which signifies that the returns on MARKET and BitTrex Bitcoin are completely uncorrelated. Although it is essential to pay attention to BitTrex Bitcoin USD historical returns, it is also good to be reasonable about what you can actually do with equity current trending patterns. Macroaxis philosophy towards foreseeing future performance of any crypto is to look not only at its past charts but also at the business as a whole, including all available fundamental and technical indicators. To evaluate if BitTrex Bitcoin USD expected return of 2.231 will be sustainable into the future, we have found twenty-one different technical indicators which can help you to check if the expected returns are sustainable.
Compared to the overall equity markets, risk-adjusted returns on investments in BitTrex Bitcoin USD are ranked lower than 48 (%) of all global equities and portfolios over the last 30 days. Inspite fairly fragile basic indicators, BitTrex Bitcoin showed solid returns over the last few months and may actually be approaching a breakup point.
|Horizon||30 Days Login to change|
BitTrex Bitcoin USD Relative Risk vs. Return LandscapeIf you would invest 986,368 in BitTrex Bitcoin USD on August 20, 2019 and sell it today you would earn a total of 44,012 from holding BitTrex Bitcoin USD or generate 4.46% return on investment over 30 days. BitTrex Bitcoin USD is generating 2.231% of daily returns and assumes 3.1551% volatility on return distribution over the 30 days horizon. Simply put, 28% of equities are less volatile than BitTrex Bitcoin and 58% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
BitTrex Bitcoin Market Risk Analysis
Sharpe Ratio = 0.7071
BitTrex Bitcoin Relative Performance Indicators
Estimated Market Risk