21Shares Bytetree (Switzerland) Performance
| BOLD Etf | 31.11 0.44 1.43% |
The entity shows a Beta (market volatility) of 0.0848, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 21Shares Bytetree's returns are expected to increase less than the market. However, during the bear market, the loss of holding 21Shares Bytetree is expected to be smaller as well.
Risk-Adjusted Performance
27 of 100
Weak | Strong |
Strong
Compared to the overall equity markets, risk-adjusted returns on investments in 21Shares Bytetree BOLD are ranked lower than 27 (%) of all global equities and portfolios over the last 90 days. In spite of fairly weak basic indicators, 21Shares Bytetree showed solid returns over the last few months and may actually be approaching a breakup point. ...more
21Shares |
21Shares Bytetree Relative Risk vs. Return Landscape
If you would invest 2,502 in 21Shares Bytetree BOLD on September 12, 2024 and sell it today you would earn a total of 609.00 from holding 21Shares Bytetree BOLD or generate 24.34% return on investment over 90 days. 21Shares Bytetree BOLD is generating 0.3457% of daily returns and assumes 0.9841% volatility on return distribution over the 90 days horizon. Simply put, 8% of etfs are less volatile than 21Shares, and 94% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
21Shares Bytetree Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for 21Shares Bytetree's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as 21Shares Bytetree BOLD, and traders can use it to determine the average amount a 21Shares Bytetree'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 = 0.3513
| Best Portfolio | Best Equity | |||
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| Small Returns | BOLD | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 0.98 actual daily | 8 92% of assets are more volatile |
Expected Return
| 0.35 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.35 actual daily | 27 73% of assets perform better |
Based on monthly moving average 21Shares Bytetree is performing at about 27% 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 21Shares Bytetree by adding it to a well-diversified portfolio.