Wrapped Bitcoin Performance
| WBTC Crypto | USD 98,496 345.07 0.35% |
The entity maintains a market beta of 0.48, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wrapped Bitcoin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wrapped Bitcoin is expected to be smaller as well.
Risk-Adjusted Performance
16 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Wrapped Bitcoin are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, Wrapped Bitcoin exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
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Wrapped Bitcoin Relative Risk vs. Return Landscape
If you would invest 6,407,808 in Wrapped Bitcoin on August 23, 2024 and sell it today you would earn a total of 3,441,777 from holding Wrapped Bitcoin or generate 53.71% return on investment over 90 days. Wrapped Bitcoin is generating 0.7178% of daily returns and assumes 3.3668% volatility on return distribution over the 90 days horizon. Simply put, 29% of crypto coins are less volatile than Wrapped, and 86% 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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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 = 0.2132
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.37 actual daily | 30 70% of assets are more volatile |
Expected Return
| 0.72 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average Wrapped Bitcoin is performing at about 16% 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
By analyzing Wrapped Bitcoin's fundamental ratios, stakeholders can gain valuable insights into Wrapped Bitcoin's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Wrapped Bitcoin 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 Wrapped Bitcoin has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Wrapped Bitcoin is peer-to-peer digital currency powered by the Blockchain technology.| Wrapped Bitcoin appears to be risky and price may revert if volatility continues |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wrapped Bitcoin. 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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.