Bitcoin Gold Performance

BTG
 Crypto
  

USD 28.68  0.02  0.07%   

The crypto shows a Beta (market volatility) of 1.3063, 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 Gold will likely underperform. Although it is vital to follow Bitcoin Gold 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 Bitcoin Gold, which you can use to evaluate the performance of the entity.
  
Bitcoin Performance
4 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Bitcoin Gold are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak basic indicators, Bitcoin Gold sustained solid returns over the last few months and may actually be approaching a breakup point. ...more

Bitcoin Price Channel

Bitcoin Gold Relative Risk vs. Return Landscape

If you would invest  2,489  in Bitcoin Gold on May 21, 2022 and sell it today you would earn a total of  381.00  from holding Bitcoin Gold or generate 15.31% return on investment over 90 days. Bitcoin Gold is generating 0.5076% of daily returns assuming 7.7787% volatility of returns over the 90 days investment horizon. Simply put, 67% of all crypto coins have less volatile historical return distribution than Bitcoin Gold, and 91% 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 Gold is expected to generate 6.73 times more return on investment than the market. However, the company is 6.73 times more volatile than its market benchmark. It trades about 0.07 of its potential returns per unit of risk. The DOW is currently generating roughly 0.1 per unit of risk.

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 = 0.0653

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Estimated Market Risk
 7.78
  actual daily
 
 67 %
of total potential
 
6767
Expected Return
 0.51
  actual daily
 
 9 %
of total potential
 
99
Risk-Adjusted Return
 0.07
  actual daily
 
 4 %
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44
Based on monthly moving average Bitcoin Gold is performing at about 4% 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

To evaluate Bitcoin Gold 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 Gold 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 Gold market performance in a much more refined way. 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 Gold is peer-to-peer digital currency powered by the Blockchain technology.

Things to note about Bitcoin Gold

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

Bitcoin Gold Alerts

Equity Alerts and Improvement Suggestions

Bitcoin Gold is way too risky over 90 days horizon
Bitcoin Gold appears to be risky and price may revert if volatility continues
Continue to Trending Equities. Note that the Bitcoin Gold information on this page should be used as a complementary analysis to other Bitcoin Gold'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 Rebalancing module to analyze risk-adjusted returns against different time horizons to find asset-allocation targets.

Other Tools for Bitcoin Crypto Coin

When running Bitcoin Gold price analysis, check to measure Bitcoin Gold's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy Bitcoin Gold is operating at the current time. Most of Bitcoin Gold's value examination focuses on studying past and present price actions to predict the probability of Bitcoin Gold's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move Bitcoin Gold's coin price. Additionally, you may evaluate how adding Bitcoin Gold to your portfolios can decrease your overall portfolio volatility.
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