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 LandscapeIf 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 (%)
Yobit Reddcoin Market Risk Analysis
Sharpe Ratio = -0.0371
Yobit Reddcoin Relative Performance Indicators
Estimated Market Risk
Risk-Adjusted PerformanceOver the last 30 days Yobit Reddcoin USD has generated negative risk-adjusted returns adding no value to investors with long positions.