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.
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.
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Kraken Bitcoin USD Relative Risk vs. Return LandscapeIf 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 (%)
Kraken Bitcoin Market Risk Analysis
Sharpe Ratio = -0.7071
Kraken Bitcoin Relative Performance Indicators
Estimated Market Risk