Yobit Reddcoin (in USD) Performance

YOBITRDD -- Cryptlandia Crypto  

USD 0.0019  0.000147  8.39%

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.
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Risk-Adjusted Performance

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.
Horizon     30 Days    Login   to change

Yobit Reddcoin USD Relative Risk vs. Return Landscape

If 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 (%) 
      Risk (%) 
Assuming 30 trading days horizon, Yobit Reddcoin is expected to generate 9.45 times more return on investment than the market. However, the company is 9.45 times more volatile than its market benchmark. It trades about 0.05 of its potential returns per unit of risk. The DOW is currently generating roughly -0.05 per unit of risk.

Yobit Reddcoin Market Risk Analysis

Sharpe Ratio = 0.0538
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Yobit Reddcoin Relative Performance Indicators

Estimated Market Risk
 7.37
  actual daily
 
 65 %
of total potential
 
6565
Expected Return
 0.4
  actual daily
 
 7 %
of total potential
 
77
Risk-Adjusted Return
 0.05
  actual daily
 
 3 %
of total potential
 
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Based on monthly moving average Yobit Reddcoin is performing at about 3% 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 Alerts

Equity Alerts and Improvement Suggestions

Yobit Reddcoin USD has very high historical volatility over the last 30 days
Yobit Reddcoin USD has some characteristics of a very speculative cryptocurrency
See also Your Current Watchlist. Please also try World Markets Correlation module to find global opportunities by holding instruments from different markets.
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