Biconomy Performance

BICO
 Crypto
  

USD 0.65  0.01  1.56%   

The crypto shows a Beta (market volatility) of 0.7753, which signifies possible diversification benefits within a given portfolio. Let's try to break down what Biconomy's beta means in this case. As returns on the market increase, Biconomy returns are expected to increase less than the market. However, during the bear market, the loss on holding Biconomy will be expected to be smaller as well. Although it is vital to follow Biconomy historical returns, it is good to be conservative about what you can do with the information regarding equity current trending patterns. The philosophy in 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. By analyzing Biconomy technical indicators, you can presently evaluate if the expected return of 0.3% will be sustainable into the future.
  
Biconomy Performance
3 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Biconomy are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak fundamental indicators, Biconomy sustained solid returns over the last few months and may actually be approaching a breakup point. ...more

Biconomy Price Channel

Biconomy Relative Risk vs. Return Landscape

If you would invest  62.00  in Biconomy on May 15, 2022 and sell it today you would earn a total of  2.00  from holding Biconomy or generate 3.23% return on investment over 90 days. Biconomy is generating 0.2969% of daily returns and assumes 7.2574% volatility on return distribution over the 90 days horizon. Simply put, 62% of crypto coins are less volatile than Biconomy, and 95% 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 Biconomy is expected to generate 5.71 times more return on investment than the market. However, the company is 5.71 times more volatile than its market benchmark. It trades about 0.04 of its potential returns per unit of risk. The DOW is currently generating roughly 0.07 per unit of risk.

Biconomy Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Biconomy's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Biconomy, and traders can use it to determine the average amount a Biconomy'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 = 0.0409

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Estimated Market Risk
 7.26
  actual daily
 
 63 %
of total potential
 
6363
Expected Return
 0.3
  actual daily
 
 5 %
of total potential
 
55
Risk-Adjusted Return
 0.04
  actual daily
 
 3 %
of total potential
 
33
Based on monthly moving average Biconomy 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 Biconomy by adding it to a well-diversified portfolio.

About Biconomy Performance

To evaluate Biconomy 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 Biconomy 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 Biconomy 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 Biconomy stock market performance in a much more refined way. At Macroaxis, we take it even further. The Macroaxis performance score is an integer between 0 and 100 that represents Biconomy'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.
Biconomy is peer-to-peer digital currency powered by the Blockchain technology. Biconomy is a multichain relayer protocol that aims to reduce the friction point when dealing with blockchain technology for its mass adoption.Telegram Discord Medium

Things to note about Biconomy

Checking the ongoing alerts about Biconomy for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Biconomy help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.

Biconomy Alerts

Equity Alerts and Improvement Suggestions

Biconomy has very high historical volatility over the last 90 days
Biconomy has some characteristics of a very speculative cryptocurrency
Continue to Trending Equities. Note that the Biconomy information on this page should be used as a complementary analysis to other Biconomy's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.

Other Tools for Biconomy Crypto Coin

When running Biconomy price analysis, check to measure Biconomy's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Biconomy is operating at the current time. Most of Biconomy's value examination focuses on studying past and present price action to predict the probability of Biconomy's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Biconomy's price. Additionally, you may evaluate how the addition of Biconomy to your portfolios can decrease your overall portfolio volatility.
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