Kraken Bitcoin (in USD) Performance

KRAKENBTC -- Cryptlandia Crypto  

USD 10,284  388.70  3.93%

The crypto secures Beta (Market Risk) of 0.0 which conveys that the returns on MARKET and Kraken Bitcoin are completely uncorrelated. Even though it is essential to pay attention to Kraken Bitcoin USD price patterns, it is always good to be careful when utilizing equity historical price patterns. Macroaxis philosophy towards estimating 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. Kraken Bitcoin exposes twenty-one different technical indicators which can help you to evaluate its performance.
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Risk-Adjusted Performance

Over the last 30 days Kraken Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite latest fragile performance, the Crypto's basic indicators remain strong and the current disturbance on Wall Street may also be a sign of long term gains for the entity investors.
Horizon     30 Days    Login   to change

Kraken Bitcoin USD Relative Risk vs. Return Landscape

If you would invest  989,560  in Kraken Bitcoin USD on August 20, 2019 and sell it today you would lose (2,340)  from holding Kraken Bitcoin USD or give up 0.24% of portfolio value over 30 days. Kraken Bitcoin USD is generating negative expected returns and assumes 0.1672% volatility on return distribution over the 30 days horizon. Simply put, 1% of equities are less volatile than Kraken Bitcoin and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming 30 trading days horizon, Kraken Bitcoin is expected to under-perform the market. But the company apears to be less risky and when comparing its historical volatility, the company is 5.39 times less risky than the market. the firm trades about -0.71 of its potential returns per unit of risk. The DOW is currently generating roughly 0.03 of returns per unit of risk over similar time horizon.

Kraken Bitcoin Market Risk Analysis

Sharpe Ratio = -0.7071
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Kraken Bitcoin Relative Performance Indicators

Estimated Market Risk
 0.17
  actual daily
 
 1 %
of total potential
 
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Expected Return
 -0.12
  actual daily
 
 0 %
of total potential
 
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Risk-Adjusted Return
 -0.71
  actual daily
 
 0 %
of total potential
 
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Based on monthly moving average Kraken 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 Kraken Bitcoin by adding it to a well-diversified portfolio.

Kraken Bitcoin Alerts

Equity Alerts and Improvement Suggestions

Kraken Bitcoin USD is not yet fully synchronised with the market data
Please see also Stocks Correlation. Please also try Money Flow Index module to determine momentum by analyzing money flow index and other technical indicators.
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