The organization shows Beta (market volatility) of 0.0 which signifies that the returns on MARKET and CoinDeal Bitcoin are completely uncorrelated. Even though it is essential to pay attention to CoinDeal 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. CoinDeal Bitcoin USD exposes twenty-one different technical indicators which can help you to evaluate its performance.
Over the last 30 days CoinDeal Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite fragile performance in the last few months, the Crypto's basic indicators remain somewhat strong which may send shares a bit higher in October 2019. The current disturbance may also be a sign of long term up-swing for the entity investors.
|Horizon||30 Days Login to change|
CoinDeal Bitcoin USD Relative Risk vs. Return LandscapeIf you would invest 1,012,142 in CoinDeal Bitcoin USD on August 22, 2019 and sell it today you would lose (9,148) from holding CoinDeal Bitcoin USD or give up 0.9% of portfolio value over 30 days. CoinDeal Bitcoin USD is generating negative expected returns and assumes 0.6391% volatility on return distribution over the 30 days horizon. Simply put, 5% of equities are less volatile than CoinDeal Bitcoin and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
CoinDeal Bitcoin Market Risk Analysis
Sharpe Ratio = -0.7071
CoinDeal Bitcoin Relative Performance Indicators
Estimated Market Risk