Bitcoin Performance

BTC Crypto  USD 27,493  1.70  0.006184%   
The crypto shows a Beta (market volatility) of -0.269, which signifies not very significant fluctuations relative to the market. Let's try to break down what Bitcoin's beta means in this case. As returns on the market increase, returns on owning Bitcoin are expected to decrease at a much lower rate. During the bear market, Bitcoin is likely to outperform the market. Although it is vital to follow Bitcoin historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. The philosophy towards foreseeing 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. We have found twenty-one technical indicators for Bitcoin, which you can use to evaluate the performance of the entity.

Bitcoin Performance

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Compared to the overall equity markets, risk-adjusted returns on investments in Bitcoin are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, Bitcoin exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more

Bitcoin Relative Risk vs. Return Landscape

If you would invest  1,654,047  in Bitcoin on December 27, 2022 and sell it today you would earn a total of  1,095,296  from holding Bitcoin or generate 66.22% return on investment over 90 days. Bitcoin is generating 0.853% of daily returns assuming 3.833% volatility of returns over the 90 days investment horizon. Simply put, 33% of all crypto coins have less volatile historical return distribution than Bitcoin, and 84% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days.
  Daily Expected Return (%)  
       Risk (%)  
Assuming the 90 days trading horizon Bitcoin is expected to generate 4.03 times more return on investment than the market. However, the company is 4.03 times more volatile than its market benchmark. It trades about 0.22 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly -0.03 per unit of risk.

Bitcoin Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Bitcoin's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Bitcoin, and traders can use it to determine the average amount a Bitcoin's price has deviated from the expected return over a period of time. It is calculated by determining the expected price for the established period and then subtracting this figure from each price point. The differences are then squared, summed, and averaged to produce the variance.

Sharpe Ratio = 0.2225

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Estimated Market Risk

  actual daily
67% of assets are more volatile

Expected Return

  actual daily
84% of assets have higher returns

Risk-Adjusted Return

  actual daily
84% of assets perform better
Based on monthly moving average Bitcoin is performing at about 16% 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 Bitcoin by adding it to a well-diversified portfolio.

About Bitcoin Performance

To evaluate Bitcoin Crypto Coin as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Bitcoin generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Bitcoin Crypto Coin's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Bitcoin market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Bitcoin's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.
Bitcoin is peer-to-peer digital currency powered by the Blockchain technology.

Things to note about Bitcoin performance evaluation

Checking the ongoing alerts about Bitcoin for important developments is a great way to find new opportunities for your next move. Crypto Coin alerts and notifications screener for Bitcoin help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
Bitcoin appears to be risky and price may revert if volatility continues
Latest headline from Polygon Partners With Salesforce for NFT-Based Loyalty Program - CoinDesk
Evaluating Bitcoin's performance can involve analyzing a variety of financial metrics and factors. Some of the key considerations to evaluate Bitcoin's crypto coin performance include:
  • Analyzing Bitcoin's financial statements, including its income statement, balance sheet, and cash flow statement, helps in understanding its overall financial health and growth potential.
  • Getting a closer look at valuation ratios like price-to-earnings (P/E) ratio, price-to-sales (P/S) ratio, and price-to-book (P/B) ratio help in understanding whether Bitcoin's stock is overvalued or undervalued compared to its peers.
  • Examining Bitcoin's industry or sector and how it is performing can give you an idea of its growth potential and how it is positioned relative to its competitors.
  • Evaluating Bitcoin's management team can have a significant impact on its success or failure. Reviewing the track record and experience of Bitcoin's management team can help you assess the cryptocurrency's leadership.
  • Pay attention to analyst opinions and ratings of Bitcoin's crypto coin. These opinions can provide insight into Bitcoin's potential for growth and whether the stock is currently undervalued or overvalued.
It's essential to remember that evaluating Bitcoin's crypto coin performance is not an exact science, and many factors can impact Bitcoin's crypto coin market price. Therefore, it's also important to diversify your portfolio and not rely solely on one company or stock for your investments.
Check out Trending Equities. For information on how to trade Bitcoin Crypto Coin refer to our How to Trade Bitcoin Crypto Coin guide. You can also try Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.

Complementary Tools for analysis

When running Bitcoin price analysis, check to measure Bitcoin's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Bitcoin is operating at the current time. Most of Bitcoin's value examination focuses on studying past and present price actions to predict the probability of Bitcoin's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Bitcoin's coin price. Additionally, you may evaluate how adding Bitcoin to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Bitcoin's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine Bitcoin value by looking at such factors as its true mass adoption, usability, application, safety as well as its ability to resist fraud and manipulation. On the other hand, Bitcoin's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.