The entity maintains market beta of 0.0 which attests that the returns on MARKET and primexbt Bitcoin are completely uncorrelated. Although it is vital to follow to primexbt Bitcoin USD historical price patterns, it is good to be conservative about what you can actually do with the information regarding equity current price history. 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. We have found twenty-one technical indicators for primexbt Bitcoin USD which you can use to evaluate performance of the crypto.
Compared to the overall equity markets, risk-adjusted returns on investments in primexbt Bitcoin USD are ranked lower than 48 (%) of all global equities and portfolios over the last 30 days. Despite somewhat fragile basic indicators, primexbt Bitcoin sustained solid returns over the last few months and may actually be approaching a breakup point.
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primexbt Bitcoin USD Relative Risk vs. Return LandscapeIf you would invest 993,200 in primexbt Bitcoin USD on August 20, 2019 and sell it today you would earn a total of 12,000 from holding primexbt Bitcoin USD or generate 1.21% return on investment over 30 days. primexbt Bitcoin USD is generating 0.6041% of daily returns and assumes 0.8543% volatility on return distribution over the 30 days horizon. Simply put, 7% of equities are less volatile than primexbt Bitcoin and 89% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
primexbt Bitcoin Market Risk Analysis
Sharpe Ratio = 0.7071
primexbt Bitcoin Relative Performance Indicators
Estimated Market Risk