The organization shows Beta (market volatility) of 0.0 which signifies that the returns on MARKET and Cexio Bitcoin are completely uncorrelated. Even though it is essential to pay attention to Cexio Bitcoin USD historical returns, it is always good to be careful when utilizing equity current trending patterns. Macroaxis philosophy towards foreseeing 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. Cexio Bitcoin USD exposes twenty-one different technical indicators which can help you to evaluate its performance.
Over the last 30 days Cexio Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Crypto's basic indicators remain somewhat strong which may send shares a bit higher in November 2019. The current disturbance may also be a sign of long term up-swing for the entity investors.
|Horizon||30 Days Login to change|
Cexio Bitcoin USD Relative Risk vs. Return LandscapeIf you would invest 833,600 in Cexio Bitcoin USD on September 15, 2019 and sell it today you would lose (15,020) from holding Cexio Bitcoin USD or give up 1.8% of portfolio value over 30 days. Cexio Bitcoin USD is generating negative expected returns and assumes 1.2741% volatility on return distribution over the 30 days horizon. Simply put, 11% of equities are less volatile than Cexio Bitcoin and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
Cexio Bitcoin Market Risk Analysis
Sharpe Ratio = -0.7071
Cexio Bitcoin Relative Performance Indicators
Estimated Market Risk