Bittensor Performance
| TAO Crypto | USD 522.41 10.79 2.11% |
The crypto shows a Beta (market volatility) of 0.56, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Bittensor's returns are expected to increase less than the market. However, during the bear market, the loss of holding Bittensor is expected to be smaller as well.
Risk-Adjusted Performance
12 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Bittensor are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, Bittensor exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Mastercard enables non-custodial crypto spending in new partnership - Cointelegraph | 09/05/2024 |
2 | Why Trumps new Treasury secretary will be pro-crypto - Yahoo Finance | 11/21/2024 |
Bittensor |
Bittensor Relative Risk vs. Return Landscape
If you would invest 30,043 in Bittensor on August 27, 2024 and sell it today you would earn a total of 22,198 from holding Bittensor or generate 73.89% return on investment over 90 days. Bittensor is generating 1.0824% of daily returns assuming 6.9548% volatility of returns over the 90 days investment horizon. Simply put, 61% of all crypto coins have less volatile historical return distribution than Bittensor, and 79% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Bittensor Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bittensor's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Bittensor, and traders can use it to determine the average amount a Bittensor'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 = 0.1556
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | TAO | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 6.95 actual daily | 61 61% of assets are less volatile |
Expected Return
| 1.08 actual daily | 21 79% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Bittensor is performing at about 12% 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 Bittensor by adding it to a well-diversified portfolio.
About Bittensor Performance
By analyzing Bittensor's fundamental ratios, stakeholders can gain valuable insights into Bittensor's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Bittensor 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 Bittensor has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Bittensor is peer-to-peer digital currency powered by the Blockchain technology.| Bittensor is way too risky over 90 days horizon | |
| Bittensor appears to be risky and price may revert if volatility continues | |
| Latest headline from news.google.com: Why Trumps new Treasury secretary will be pro-crypto - Yahoo Finance |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Bittensor. 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 Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.