Wrapped Bitcoin Performance

WBTC
 Crypto
  

USD 24,412  8.41  0.0344%   

The entity maintains a market beta of 0.4438, which attests to possible diversification benefits within a given portfolio. Let's try to break down what Wrapped's beta means in this case. As returns on the market increase, Wrapped Bitcoin returns are expected to increase less than the market. However, during the bear market, the loss on holding Wrapped Bitcoin will be expected to be smaller as well. Even though it is essential to pay attention to Wrapped Bitcoin historical price patterns, it is always good to be careful when utilizing equity current price history. Our philosophy towards determining 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. Wrapped Bitcoin exposes twenty-one different technical indicators, which can help you to evaluate its performance.
  
Wrapped Performance
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Over the last 90 days Wrapped 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 Wrapped Bitcoin investors. ...more

Wrapped Price Channel

Wrapped Bitcoin Relative Risk vs. Return Landscape

If you would invest  3,041,287  in Wrapped Bitcoin on May 16, 2022 and sell it today you would lose (599,229)  from holding Wrapped Bitcoin or give up 19.7% of portfolio value over 90 days. Wrapped Bitcoin is generating negative expected returns and assumes 4.8537% volatility on return distribution over the 90 days horizon. Simply put, 42% of crypto coins are less volatile than Wrapped, 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 Wrapped Bitcoin is expected to under-perform the market. In addition to that, the company is 3.88 times more volatile than its market benchmark. It trades about -0.04 of its total potential returns per unit of risk. The DOW is currently generating roughly 0.06 per unit of volatility.

Wrapped Bitcoin Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Wrapped Bitcoin's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Wrapped Bitcoin, and traders can use it to determine the average amount a Wrapped 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 = -0.0433

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Estimated Market Risk
 4.85
  actual daily
 
 42 %
of total potential
 
4242
Expected Return
 -0.21
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 0 %
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Risk-Adjusted Return
 -0.04
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Based on monthly moving average Wrapped 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 Wrapped Bitcoin by adding it to a well-diversified portfolio.

About Wrapped Bitcoin Performance

To evaluate Wrapped 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 Wrapped 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 Wrapped 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 Wrapped 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 Wrapped'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.
Wrapped Bitcoin is peer-to-peer digital currency powered by the Blockchain technology.

Things to note about Wrapped Bitcoin

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

Wrapped Bitcoin Alerts

Equity Alerts and Improvement Suggestions

Wrapped Bitcoin generated a negative expected return over the last 90 days
Wrapped Bitcoin has high historical volatility and very poor performance
Check out Your Current Watchlist. Note that the Wrapped Bitcoin information on this page should be used as a complementary analysis to other Wrapped 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 Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.

Other Tools for Wrapped Crypto Coin

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