itBit Bitcoin (in USD) Performance

ITBITBTC -- Cryptlandia Crypto  

USD 10,149  0.00  0.00%

The entity owns Beta (Systematic Risk) of 0.0 which attests that the returns on MARKET and itBit Bitcoin are completely uncorrelated. Although it is extremely important to respect itBit Bitcoin USD existing price patterns, it is better to be realistic regarding the information on equity price patterns. The philosophy towards determining 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 itBit Bitcoin USD technical indicators you can presently evaluate if the expected return of 0.0% will be sustainable into the future.

Risk-Adjusted Performance

Over the last 30 days itBit Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, itBit Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
Horizon     30 Days    Login   to change

itBit Bitcoin USD Relative Risk vs. Return Landscape

If you would invest (100.00)  in itBit Bitcoin USD on August 21, 2019 and sell it today you would earn a total of  100.00  from holding itBit Bitcoin USD or generate -100.0% return on investment over 30 days. itBit 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 itBit Bitcoin and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
 Daily Expected Return (%) 
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itBit Bitcoin Market Risk Analysis

Sharpe Ratio = 0.0
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Based on monthly moving average itBit Bitcoin is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of itBit Bitcoin by adding it to a well-diversified portfolio.

itBit Bitcoin Alerts

Equity Alerts and Improvement Suggestions

itBit Bitcoin USD is not yet fully synchronised with the market data
Please also check Risk vs Return Analysis. Please also try Money Flow Index module to determine momentum by analyzing money flow index and other technical indicators.