The entity maintains market beta of 3.4258 which attests that as market goes up, the company is expected to significantly outperform it. However, if the market returns are negative, Yobit Reddcoin will likely underperform. Although it is vital to follow to Yobit Reddcoin 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. By examining Yobit Reddcoin USD technical indicators you can presently evaluate if the expected return of 0.3961% will be sustainable into the future.
Compared to the overall equity markets, risk-adjusted returns on investments in Yobit Reddcoin USD are ranked lower than 3 (%) of all global equities and portfolios over the last 30 days. In defiance of relatively weak forward-looking signals, Yobit Reddcoin reported solid returns over the last few months and may actually be approaching a breakup point.
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Yobit Reddcoin USD Relative Risk vs. Return LandscapeIf you would invest 0.18 in Yobit Reddcoin USD on May 18, 2019 and sell it today you would earn a total of 0.01 from holding Yobit Reddcoin USD or generate 5.56% return on investment over 30 days. Yobit Reddcoin USD is generating 0.3961% of daily returns and assumes 7.3685% volatility on return distribution over the 30 days horizon. Simply put, 65% of equities are less volatile than Yobit Reddcoin and 93% of equity instruments are likely to generate higher returns than the company over the next 30 trading days.
Daily Expected Return (%)
Yobit Reddcoin Market Risk Analysis
Sharpe Ratio = 0.0538
Yobit Reddcoin Relative Performance Indicators
Estimated Market Risk