The entity has beta of 0.0 which indicates the returns on MARKET and SingularityX Bitcoin are completely uncorrelated. Although it is extremely important to respect SingularityX Bitcoin USD current price movements, it is better to be realistic regarding the information on equity historical returns. The philosophy towards measuring 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 inspecting SingularityX Bitcoin USD technical indicators you can presently evaluate if the expected return of 0.0% will be sustainable into the future.
Over the last 30 days SingularityX Bitcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, SingularityX Bitcoin is not utilizing all of its potentials. The prevalent stock price disturbance, may contribute to short term losses for the investors.
|Horizon||30 Days Login to change|
SingularityX Bitcoin USD Relative Risk vs. Return LandscapeIf you would invest 801,409 in SingularityX Bitcoin USD on August 21, 2019 and sell it today you would earn a total of 0.00 from holding SingularityX Bitcoin USD or generate 0.0% return on investment over 30 days. SingularityX Bitcoin USD is generating negative expected returns and assumes 0.0% volatility on return distribution over the 30 days horizon. Simply put, 0% of equities are less volatile than SingularityX Bitcoin and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
SingularityX Bitcoin Market Risk Analysis
Sharpe Ratio = 0.0