BitMart Token Performance

BMX
 Crypto
  

USD 0.22  0.01  4.76%   

The crypto shows a Beta (market volatility) of -0.2155, which signifies not very significant fluctuations relative to the market. Let's try to break down what BitMart's beta means in this case. As returns on the market increase, returns on owning BitMart Token are expected to decrease at a much lower rate. During the bear market, BitMart Token is likely to outperform the market. Although it is vital to follow BitMart Token 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 BitMart Token, which you can use to evaluate the performance of the entity.
  
BitMart Performance
8 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in BitMart Token are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak primary indicators, BitMart Token sustained solid returns over the last few months and may actually be approaching a breakup point. ...more

BitMart Price Channel

BitMart Token Relative Risk vs. Return Landscape

If you would invest  16.00  in BitMart Token on May 18, 2022 and sell it today you would earn a total of  6.00  from holding BitMart Token or generate 37.5% return on investment over 90 days. BitMart Token is generating 0.6645% of daily returns assuming 5.915% volatility of returns over the 90 days investment horizon. Simply put, 51% of all crypto coins have less volatile historical return distribution than BitMart Token, and 88% 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 BitMart Token is expected to generate 5.04 times more return on investment than the market. However, the company is 5.04 times more volatile than its market benchmark. It trades about 0.11 of its potential returns per unit of risk. The DOW is currently generating roughly 0.12 per unit of risk.

BitMart Token Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for BitMart Token's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as BitMart Token, and traders can use it to determine the average amount a BitMart Token'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 = 0.1123

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Estimated Market Risk
 5.92
  actual daily
 
 51 %
of total potential
 
5151
Expected Return
 0.66
  actual daily
 
 12 %
of total potential
 
1212
Risk-Adjusted Return
 0.11
  actual daily
 
 8 %
of total potential
 
88
Based on monthly moving average BitMart Token is performing at about 8% 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 BitMart Token by adding it to a well-diversified portfolio.

About BitMart Token Performance

To evaluate BitMart Token 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 BitMart Token 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 BitMart 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 BitMart Token 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 BitMart'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.
BitMart Token is peer-to-peer digital currency powered by the Blockchain technology. BMX is an ERC20 based token issued by BitMart exchange. When users conduct trading on BitMart, they will get a discount on the trading fee if they have BMX, no matter what token they trade.Telegram Reddit Medium LinkedIn Facebook

Things to note about BitMart Token

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

BitMart Token Alerts

Equity Alerts and Improvement Suggestions

BitMart Token is way too risky over 90 days horizon
BitMart Token has some characteristics of a very speculative cryptocurrency
BitMart Token appears to be risky and price may revert if volatility continues
Continue to Trending Equities. Note that the BitMart Token information on this page should be used as a complementary analysis to other BitMart Token'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 Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.

Other Tools for BitMart Crypto Coin

When running BitMart Token price analysis, check to measure BitMart Token'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 BitMart Token is operating at the current time. Most of BitMart Token's value examination focuses on studying past and present price action to predict the probability of BitMart Token's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move BitMart Token's price. Additionally, you may evaluate how the addition of BitMart Token to your portfolios can decrease your overall portfolio volatility.
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