Bitcoin Gold Performance
| BTG Crypto | USD 33.82 0.10 0.30% |
The crypto shows a Beta (market volatility) of 0.15, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Bitcoin Gold's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bitcoin Gold is expected to be smaller as well.
Risk-Adjusted Performance
15 of 100
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Good
Compared to the overall equity markets, risk-adjusted returns on investments in Bitcoin Gold are ranked lower than 15 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady technical and fundamental indicators, Bitcoin Gold exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Bitcoin |
Bitcoin Gold Relative Risk vs. Return Landscape
If you would invest 1,981 in Bitcoin Gold on September 1, 2024 and sell it today you would earn a total of 1,401 from holding Bitcoin Gold or generate 70.72% return on investment over 90 days. Bitcoin Gold is generating 0.9381% of daily returns assuming 4.8063% volatility of returns over the 90 days investment horizon. Simply put, 42% of all crypto coins have less volatile historical return distribution than Bitcoin Gold, and 82% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Bitcoin Gold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bitcoin Gold's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Bitcoin Gold, and traders can use it to determine the average amount a Bitcoin Gold'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 = 0.1952
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 4.81 actual daily | 42 58% of assets are more volatile |
Expected Return
| 0.94 actual daily | 18 82% of assets have higher returns |
Risk-Adjusted Return
| 0.2 actual daily | 15 85% of assets perform better |
Based on monthly moving average Bitcoin Gold is performing at about 15% 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 Gold by adding it to a well-diversified portfolio.
About Bitcoin Gold Performance
By analyzing Bitcoin Gold's fundamental ratios, stakeholders can gain valuable insights into Bitcoin Gold's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Bitcoin Gold has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Bitcoin Gold has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Bitcoin Gold is peer-to-peer digital currency powered by the Blockchain technology.| Bitcoin Gold appears to be risky and price may revert if volatility continues |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitcoin Gold. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Premium Stories module to follow Macroaxis premium stories from verified contributors across different equity types, categories and coverage scope.