BITM Performance
| BITM Crypto | USD 0.00003 0.00 0.00% |
The crypto shows a Beta (market volatility) of -0.43, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning BITM are expected to decrease at a much lower rate. During the bear market, BITM is likely to outperform the market.
Risk-Adjusted Performance
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Over the last 90 days BITM has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental indicators, BITM is not utilizing all of its potentials. The latest stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
BITM |
BITM Relative Risk vs. Return Landscape
If you would invest 0.00 in BITM on August 30, 2024 and sell it today you would earn a total of 0.00 from holding BITM or generate 0.0% return on investment over 90 days. BITM is generating negative expected returns and assumes 0.0% volatility on return distribution over the 90 days horizon. Simply put, 0% of crypto coins are less volatile than BITM, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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BITM Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for BITM's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as BITM, and traders can use it to determine the average amount a BITM'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 = 0.0
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Based on monthly moving average BITM is not performing at its full potential. However, 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 BITM by adding BITM to a well-diversified portfolio.
About BITM Performance
By analyzing BITM's fundamental ratios, stakeholders can gain valuable insights into BITM's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if BITM has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if BITM has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
BITM is peer-to-peer digital currency powered by the Blockchain technology.| BITM is not yet fully synchronised with the market data | |
| BITM has some characteristics of a very speculative cryptocurrency |
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.