Bitcoin Gold Performance

BTG -  USA Crypto  

USD 16.98  0.60  3.41%

The crypto shows a Beta (market volatility) of 1.1924, 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. Even though it is essential to pay attention to Bitcoin Gold 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 Gold exposes twenty-one different technical indicators, which can help you to evaluate its performance.
  
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Over the last 90 days Bitcoin Gold 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 July 2022. The current disturbance may also be a sign of long term up-swing for Bitcoin Gold investors. ...more

Bitcoin Price Channel

Bitcoin Gold Relative Risk vs. Return Landscape

If you would invest  4,379  in Bitcoin Gold on March 27, 2022 and sell it today you would lose (2,621)  from holding Bitcoin Gold or give up 59.85% of portfolio value over 90 days. Bitcoin Gold is producing return of less than zero assuming 7.4256% volatility of returns over the 90 days investment horizon. Simply put, 64% of all crypto coins have less volatile historical return distribution than Bitcoin Gold, 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 Gold is expected to under-perform the market. In addition to that, the company is 5.12 times more volatile than its market benchmark. It trades about -0.15 of its total potential returns per unit of risk. The DOW is currently generating roughly -0.11 per unit of volatility.

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 = -0.1521

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Negative ReturnsBTG
Estimated Market Risk
 7.43
  actual daily
 
 64 %
of total potential
 
6464
Expected Return
 -1.13
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 0 %
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Risk-Adjusted Return
 -0.15
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Based on monthly moving average Bitcoin Gold 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 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 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 Gold is peer-to-peer digital currency powered by the Blockchain technology. BTG is a cryptocurrency with Bitcoin fundamentals, mined on common GPUs instead of specialty ASICs. This type of equipment tends to monopolize mining to a few big players, but GPU mining means anyone can mine again - restoring decentralization and independence. GPU mining rewards go to individuals worldwide, instead of mostly to ASIC warehouse owners, recreating network effects that Bitcoin used to have.Telegram Discord Facebook Youtube Reddit Medium

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. Our stock 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 generated a negative expected return over the last 90 days
Bitcoin Gold has high historical volatility and very poor performance
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 Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.

Other Tools for Bitcoin Crypto Coin

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