RENBTC Performance
| RENBTC Crypto | USD 23,300 0.00 0.00% |
The crypto holds a Beta of 0.0, which implies not very significant fluctuations relative to the market. the returns on MARKET and RENBTC are completely uncorrelated.
Risk-Adjusted Performance
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Over the last 90 days RENBTC has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, RENBTC is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors. ...more
RENBTC |
RENBTC Relative Risk vs. Return Landscape
If you would invest 2,330,000 in RENBTC on November 2, 2024 and sell it today you would earn a total of 0.00 from holding RENBTC or generate 0.0% return on investment over 90 days. RENBTC 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 RENBTC, 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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RENBTC Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for RENBTC's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as RENBTC, and traders can use it to determine the average amount a RENBTC'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 RENBTC 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 RENBTC by adding RENBTC to a well-diversified portfolio.
About RENBTC Performance
By analyzing RENBTC's fundamental ratios, stakeholders can gain valuable insights into RENBTC's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if RENBTC 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 RENBTC has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
RENBTC is peer-to-peer digital currency powered by the Blockchain technology.| RENBTC generated a negative expected return over the last 90 days |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RENBTC. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in estimate. You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.