Yobit Reddcoin (in USD) Performance

YOBITRDD -- Cryptlandia Crypto  

USD 0.0012  0.00001  0.80%

The entity maintains market beta of -0.4338 which attests that as returns on market increase, returns on owning Yobit Reddcoin are expected to decrease at a much smaller rate. During bear market, Yobit Reddcoin is likely to outperform the market. Even though it is essential to pay attention to Yobit Reddcoin USD historical price patterns, it is always good to be careful when utilizing equity current price history. Macroaxis philosophy towards determining 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. Yobit Reddcoin USD exposes twenty-one different technical indicators which can help you to evaluate its performance.
Horizon     30 Days    Login   to change

Yobit Reddcoin USD Relative Risk vs. Return Landscape

If you would invest  0.16  in Yobit Reddcoin USD on January 18, 2019 and sell it today you would lose (0.03)  from holding Yobit Reddcoin USD or give up 19.92% of portfolio value over 30 days. Yobit Reddcoin USD is generating negative expected returns and assumes 7.2911% volatility on return distribution over the 30 days horizon. Simply put, 66% of equities are less volatile than Yobit Reddcoin and 99% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
 Daily Expected Return (%) 
      Risk (%) 
Assuming 30 trading days horizon, Yobit Reddcoin is expected to under-perform the market. In addition to that, the company is 3.84 times more volatile than its market benchmark. It trades about -0.04 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.15 per unit of volatility.

Yobit Reddcoin Market Risk Analysis

Sharpe Ratio = -0.0371
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Yobit Reddcoin Relative Performance Indicators

Estimated Market Risk
 7.29
  actual daily
 
 66 %
of total potential
 
66
Expected Return
 -0.27
  actual daily
 
 0 %
of total potential
 
0
Risk-Adjusted Return
 -0.04
  actual daily
 
 0 %
of total potential
 
0
Based on monthly moving average Yobit Reddcoin is performing at about 0% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Yobit Reddcoin by adding it to a well-diversified portfolio.

Yobit Reddcoin Performance Rating

Yobit Reddcoin USD Risk Adjusted Performance Analysis

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Risk-Adjusted Performance

Over the last 30 days Yobit Reddcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.

Yobit Reddcoin Alerts

Equity Alerts and Improvement Suggestions

Yobit Reddcoin USD generates negative expected return over the last 30 days
Yobit Reddcoin USD has high historical volatility and very poor performance
Yobit Reddcoin USD has some characteristics of a very speculative penny stock
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