Bitcoin Performance

BTC
 Crypto
  

USD 23,943  284.72  1.18%   

The crypto shows a Beta (market volatility) of 1.2279, which signifies a somewhat significant risk relative to the market. Let's try to break down what Bitcoin's beta means in this case. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Bitcoin will likely underperform. Even though it is essential to pay attention to Bitcoin historical returns, it is always good to be careful when utilizing equity current trending patterns. Our philosophy towards foreseeing any crypto's future performance is to check both, its past performance charts as well as the business as a whole, including all available technical indicators. Bitcoin exposes twenty-one different technical indicators, which can help you to evaluate its performance.
  
Bitcoin Performance
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Over the last 90 days Bitcoin has generated negative risk-adjusted returns adding no value to investors with long positions. Despite weak performance in the last few months, the Crypto's basic indicators remain somewhat strong which may send shares a bit higher in September 2022. The current disturbance may also be a sign of long term up-swing for Bitcoin investors. ...more

Bitcoin Price Channel

Bitcoin Relative Risk vs. Return Landscape

If you would invest  3,041,591  in Bitcoin on May 15, 2022 and sell it today you would lose (618,783)  from holding Bitcoin or give up 20.34% of portfolio value over 90 days. Bitcoin is producing return of less than zero assuming 4.9012% volatility of returns over the 90 days investment horizon. Simply put, 42% of all crypto coins have less volatile historical return distribution than Bitcoin, and 99% 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 under-perform the market. In addition to that, the company is 3.86 times more volatile than its market benchmark. It trades about -0.05 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.07 per unit of volatility.

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 = -0.0459

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Estimated Market Risk
 4.9
  actual daily
 
 42 %
of total potential
 
4242
Expected Return
 -0.22
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 0 %
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Risk-Adjusted Return
 -0.05
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Based on monthly moving average Bitcoin is performing at about 0% 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 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 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. Bitcoin uses peer-to-peer technology to operate with no central authority or banks managing transactions and the issuing of bitcoins is carried out collectively by the network. Although other cryptocurrencies have come before, Bitcoin is the first decentralized cryptocurrency - Its reputation has spawned copies and evolution in the space.With the largest variety of markets and the biggest value - having reached a peak of 318 billion USD - Bitcoin is here to stay. As with any new invention, there can be improvements or flaws in the initial model however the community and a team of dedicated developers are pushing to overcome any obstacle they come across. It is also the most traded cryptocurrency and one of the main entry points for all the other cryptocurrencies. The price is as unstable as always and it can go up or down by 10-20 percent in a single day

Things to note about Bitcoin

Checking the ongoing alerts about Bitcoin for important developments is a great way to find new opportunities for your next move. Our stock 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 Alerts

Equity Alerts and Improvement Suggestions

Continue to Trending Equities. Note that the Bitcoin information on this page should be used as a complementary analysis to other Bitcoin'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 File Import module to quickly import all of your third-party portfolios from your local drive in csv format.

Other Tools for Bitcoin Crypto Coin

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