The organization shows Beta (market volatility) of 0.0 which signifies that the returns on MARKET and Coinbase Bitcoin are completely uncorrelated. Although it is extremely important to respect Coinbase 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 Coinbase Bitcoin USD technical indicators you can presently evaluate if the expected return of 0.0% will be sustainable into the future.
Over the last 30 days Coinbase Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. In defiance of relatively invariable forward-looking signals, Coinbase Bitcoin is not utilizing all of its potentials. The prevalent stock price agitation, may contribute to short term losses for the management.
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Coinbase Bitcoin USD Relative Risk vs. Return LandscapeIf you would invest 0.00 in Coinbase Bitcoin USD on August 17, 2019 and sell it today you would earn a total of 0.00 from holding Coinbase Bitcoin USD or generate 0.0% return on investment over 30 days. Coinbase Bitcoin USD is generating negative expected returns and assumes 0.0% volatility on return distribution over the 30 days horizon. Simply put, 0% of equities are less volatile than Coinbase Bitcoin and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
Coinbase Bitcoin Market Risk Analysis
Sharpe Ratio = 0.0