GBYTE Performance
| GBYTE Crypto | USD 29.91 0.32 1.06% |
The entity retains a Market Volatility (i.e., Beta) of 0.17, which attests to not very significant fluctuations relative to the market. As returns on the market increase, GBYTE's returns are expected to increase less than the market. However, during the bear market, the loss of holding GBYTE is expected to be smaller as well.
Risk-Adjusted Performance
20 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in GBYTE are ranked lower than 20 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, GBYTE exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
GBYTE |
GBYTE Relative Risk vs. Return Landscape
If you would invest 1,782 in GBYTE on September 1, 2024 and sell it today you would earn a total of 1,209 from holding GBYTE or generate 67.85% return on investment over 90 days. GBYTE is generating 0.8535% of daily returns and assumes 3.351% volatility on return distribution over the 90 days horizon. Simply put, 29% of crypto coins are less volatile than GBYTE, and 83% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
GBYTE Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for GBYTE's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as GBYTE, and traders can use it to determine the average amount a GBYTE'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 = 0.2547
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.35 actual daily | 29 71% of assets are more volatile |
Expected Return
| 0.85 actual daily | 16 84% of assets have higher returns |
Risk-Adjusted Return
| 0.25 actual daily | 20 80% of assets perform better |
Based on monthly moving average GBYTE is performing at about 20% 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 GBYTE by adding it to a well-diversified portfolio.
About GBYTE Performance
By analyzing GBYTE's fundamental ratios, stakeholders can gain valuable insights into GBYTE's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if GBYTE 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 GBYTE has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
GBYTE is peer-to-peer digital currency powered by the Blockchain technology.| GBYTE appears to be risky and price may revert if volatility continues |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GBYTE. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in income. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.