BCN Performance
| BCN Crypto | USD 0.000026 0.000001 4.00% |
The entity shows a Beta (market volatility) of 37.64, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, BCN will likely underperform.
Risk-Adjusted Performance
23 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in BCN are ranked lower than 23 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, BCN exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
BCN |
BCN Relative Risk vs. Return Landscape
If you would invest 0.02 in BCN on September 1, 2024 and sell it today you would lose (0.02) from holding BCN or give up 89.57% of portfolio value over 90 days. BCN is generating 96.8111% of daily returns assuming 317.7339% volatility of returns over the 90 days investment horizon. Simply put, majority of traded equity instruments are less risky than BCN on the basis of their historical return distribution, and most equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
BCN Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for BCN's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as BCN, and traders can use it to determine the average amount a BCN'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 = 0.3047
| Best Portfolio | Best Equity | BCN | ||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 317.73 actual daily | 96 96% of assets are less volatile |
Expected Return
| 5.01 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.3 actual daily | 23 77% of assets perform better |
Based on monthly moving average BCN is performing at about 23% 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 BCN by adding it to a well-diversified portfolio.
About BCN Performance
By analyzing BCN's fundamental ratios, stakeholders can gain valuable insights into BCN's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if BCN 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 BCN has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
BCN is peer-to-peer digital currency powered by the Blockchain technology.| BCN is way too risky over 90 days horizon | |
| BCN has some characteristics of a very speculative cryptocurrency | |
| BCN 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 BCN. 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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.