The crypto secures Beta (Market Risk) of 0.0 which conveys that the returns on MARKET and Neraex Bitcoin are completely uncorrelated. Although it is vital to follow to Neraex Bitcoin USD price patterns, it is good to be conservative about what you can actually do with the information regarding equity historical price patterns. The philosophy towards estimating 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 Neraex Bitcoin USD technical indicators you can presently evaluate if the expected return of 0.289% will be sustainable into the future.
Compared to the overall equity markets, risk-adjusted returns on investments in Neraex Bitcoin USD are ranked lower than 48 (%) of all global equities and portfolios over the last 30 days. Despite somewhat weak basic indicators, Neraex Bitcoin sustained solid returns over the last few months and may actually be approaching a breakup point.
|Horizon||30 Days Login to change|
Neraex Bitcoin USD Relative Risk vs. Return LandscapeIf you would invest 1,015,153 in Neraex Bitcoin USD on August 23, 2019 and sell it today you would earn a total of 5,867 from holding Neraex Bitcoin USD or generate 0.58% return on investment over 30 days. Neraex Bitcoin USD is generating 0.289% of daily returns and assumes 0.4086% volatility on return distribution over the 30 days horizon. Simply put, 3% of equities are less volatile than Neraex Bitcoin and 95% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
Neraex Bitcoin Market Risk Analysis
Sharpe Ratio = 0.7071
Neraex Bitcoin Relative Performance Indicators
Estimated Market Risk