BITM Performance
The crypto shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and BITM are completely uncorrelated.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
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 (100.00) in BITM on December 18, 2024 and sell it today you would earn a total of 100.00 from holding BITM or generate -100.0% 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 |
| Risk |
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.
| 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 Equity Valuation module to check real value of public entities based on technical and fundamental data.
Other Tools for BITM Crypto Coin
When running BITM's price analysis, check to measure BITM's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy BITM is operating at the current time. Most of BITM's value examination focuses on studying past and present price actions to predict the probability of BITM's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move BITM's coin price. Additionally, you may evaluate how adding BITM to your portfolios can decrease your overall portfolio volatility.
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