Brazilian Digital Performance

BRZ
 Crypto
  

USD 0.19  0.00  0.00%   

The crypto shows a Beta (market volatility) of 2.4858, which signifies a somewhat significant risk relative to the market. Let's try to break down what Brazilian'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, Brazilian Digital will likely underperform. Although it is essential to pay attention to Brazilian Digital Token historical returns, it is also good to be reasonable about what you can do with equity current trending patterns. Our philosophy in foreseeing future potential of any crypto is to look not only at its past charts but also at the business as a whole, including all available fundamental and technical indicators. To evaluate if Brazilian Digital Token expected return of 12.99 will be sustainable into the future, we have found twenty-one different technical indicators, which can help you to check if the expected returns are sustainable.
  
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Brazilian Performance
9 of 100
Compared to the overall equity markets, risk-adjusted returns on investments in Brazilian Digital Token are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak basic indicators, Brazilian Digital sustained solid returns over the last few months and may actually be approaching a breakup point. ...more

Brazilian Price Channel

Brazilian Digital Relative Risk vs. Return Landscape

If you would invest  20.00  in Brazilian Digital Token on April 1, 2022 and sell it today you would lose (1.00)  from holding Brazilian Digital Token or give up 5.0% of portfolio value over 90 days. Brazilian Digital Token is generating 12.9886% of daily returns assuming 104.9244% volatility of returns over the 90 days investment horizon. Simply put, majority of traded equity instruments are less risky than Brazilian 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.
 Daily Expected Return (%) 
      Risk (%) 
Assuming the 90 days trading horizon Brazilian Digital is expected to generate 72.19 times more return on investment than the market. However, the company is 72.19 times more volatile than its market benchmark. It trades about 0.12 of its potential returns per unit of risk. The DOW is currently generating roughly -0.12 per unit of risk.

Brazilian Digital Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Brazilian Digital's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Brazilian Digital Token, and traders can use it to determine the average amount a Brazilian Digital'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 = 0.1238

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Estimated Market Risk
 104.92
  actual daily
 
 96 %
of total potential
 
9696
Expected Return
 5.24
  actual daily
 
 96 %
of total potential
 
9696
Risk-Adjusted Return
 0.12
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 9 %
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99
Based on monthly moving average Brazilian Digital is performing at about 9% 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 Brazilian Digital by adding it to a well-diversified portfolio.

About Brazilian Digital Performance

To evaluate Brazilian Digital 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 Brazilian Digital 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 Brazilian 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 Brazilian Digital 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 Brazilian'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.
Brazilian Digital Token is peer-to-peer digital currency powered by the Blockchain technology. The BRZ is an Ethereum token designed to maintain a 11 peg to Brazilian Real.Its price stability will be pursued by market agents based on the reserves held by the reserve managers and the issuance of new tokens with the underlying reserves will be audited by a reputable third-party firm.Telegram

Things to note about Brazilian Digital Token

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

Brazilian Digital Alerts

Equity Alerts and Improvement Suggestions

Brazilian Digital is way too risky over 90 days horizon
Brazilian Digital has some characteristics of a very speculative cryptocurrency
Brazilian Digital appears to be risky and price may revert if volatility continues
Continue to Trending Equities. Note that the Brazilian Digital Token information on this page should be used as a complementary analysis to other Brazilian Digital'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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.

Other Tools for Brazilian Crypto Coin

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