Bitcoin Gold Performance
| BTG Crypto | USD 2.60 0.02 0.76% |
The crypto shows a Beta (market volatility) of 3.53, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Bitcoin Gold will likely underperform.
Risk-Adjusted Performance
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Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in Bitcoin Gold are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady technical and fundamental indicators, Bitcoin Gold exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Bitcoin |
Bitcoin Gold Relative Risk vs. Return Landscape
If you would invest 1,643 in Bitcoin Gold on December 18, 2024 and sell it today you would lose (1,383) from holding Bitcoin Gold or give up 84.18% of portfolio value over 90 days. Bitcoin Gold is generating 9.8121% of daily returns assuming 73.9145% volatility of returns over the 90 days investment horizon. Simply put, majority of traded equity instruments are less risky than Bitcoin on the basis of their historical return distribution, and most equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Bitcoin Gold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bitcoin Gold's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Bitcoin Gold, and traders can use it to determine the average amount a Bitcoin Gold'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 = 0.1327
| Best Portfolio | Best Equity | BTG | ||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 73.91 actual daily | 96 96% of assets are less volatile |
Expected Return
| 5.01 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Bitcoin Gold is performing at about 10% 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 Bitcoin Gold by adding it to a well-diversified portfolio.
About Bitcoin Gold Performance
By analyzing Bitcoin Gold's fundamental ratios, stakeholders can gain valuable insights into Bitcoin Gold's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Bitcoin Gold 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 Bitcoin Gold has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
BTG is peer-to-peer digital currency powered by the Blockchain technology.| Bitcoin Gold is way too risky over 90 days horizon | |
| Bitcoin Gold appears to be risky and price may revert if volatility continues |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Bitcoin Gold. 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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.