Bitcoin Cash Performance
| BCH Crypto | USD 478.43 4.23 0.88% |
The crypto shows a Beta (market volatility) of 3.42, 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 Cash will likely underperform.
Risk-Adjusted Performance
12 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Bitcoin Cash are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady technical indicators, Bitcoin Cash exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Bitcoin |
Bitcoin Cash Relative Risk vs. Return Landscape
If you would invest 23,746 in Bitcoin Cash on January 27, 2024 and sell it today you would earn a total of 23,920 from holding Bitcoin Cash or generate 100.73% return on investment over 90 days. Bitcoin Cash is generating 1.432% of daily returns assuming 9.2276% volatility of returns over the 90 days investment horizon. Simply put, 81% of all crypto coins have less volatile historical return distribution than Bitcoin Cash, and 72% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Bitcoin Cash Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Bitcoin Cash's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Bitcoin Cash, and traders can use it to determine the average amount a Bitcoin Cash'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 = 0.1552
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | BCH | |||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 9.23 actual daily | 81 81% of assets are less volatile |
Expected Return
| 1.43 actual daily | 28 72% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Bitcoin Cash is performing at about 12% 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 Cash by adding it to a well-diversified portfolio.
About Bitcoin Cash Performance
To evaluate Bitcoin Cash Crypto Coin as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Bitcoin Cash generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Bitcoin Crypto Coin's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Bitcoin Cash market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Bitcoin's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.Bitcoin Cash is peer-to-peer digital currency powered by the Blockchain technology.| Bitcoin Cash is way too risky over 90 days horizon | |
| Bitcoin Cash 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 Cash. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the Bitcoin Cash information on this page should be used as a complementary analysis to other Bitcoin Cash's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.