CandleFocus Bitcoin Outperformed NVIDIA, Google, Amazon In Rewards Per Risk In October 2024
2024-11-04
Author: Content Editor
According to an analysis, Bitcoin had the highest risk-adjusted returns among major tech assets in October 2024, surpassing NVIDIA, Google, and Amazon. The Sharpe ratio, which reflects how well an asset rewards investors for taking risks, was 4.35 for Bitcoin, challenging the perception of Bitcoin as a purely speculative asset. In comparison, seven out of ten analyzed tech stocks, including Apple, Tesla, Meta, Microsoft, Intel, and AMD, posted negative risk-adjusted returns for the month. The analysis suggests that Bitcoin's growing maturity allows it to balance returns against risk better than traditional tech investments. However, experts warn that Bitcoin's current high Sharpe ratio does not guarantee long-term stability, as various factors such as market shifts and election results can introduce more volatility.
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