The crypto owns Beta (Systematic Risk) of 0.0 which implies the returns on MARKET and OKCoin Bitcoin are completely uncorrelated. Although it is essential to pay attention to OKCoin Bitcoin USD existing price patterns, it is also good to be reasonable about what you can actually do with equity price patterns. Macroaxis philosophy towards forecasting future performance of any crypto is to look not only at its past charts but also at the business as a whole, including all available fundamental and technical indicators. To evaluate if OKCoin Bitcoin expected return of 2.1967 will be sustainable into the future, we have found twenty-one different technical indicators which can help you to check if the expected returns are sustainable.
Compared to the overall equity markets, risk-adjusted returns on investments in OKCoin Bitcoin USD are ranked lower than 48 (%) of all global equities and portfolios over the last 30 days. Despite somewhat fragile basic indicators, OKCoin Bitcoin sustained solid returns over the last few months and may actually be approaching a breakup point.
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OKCoin Bitcoin USD Relative Risk vs. Return LandscapeIf you would invest 986,151 in OKCoin Bitcoin USD on August 20, 2019 and sell it today you would earn a total of 43,325 from holding OKCoin Bitcoin USD or generate 4.39% return on investment over 30 days. OKCoin Bitcoin USD is generating 2.1967% of daily returns and assumes 3.1065% volatility on return distribution over the 30 days horizon. Simply put, 27% of equities are less volatile than OKCoin Bitcoin and 59% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
OKCoin Bitcoin Market Risk Analysis
Sharpe Ratio = 0.7071
OKCoin Bitcoin Relative Performance Indicators
Estimated Market Risk