What are the best strategies to calculate the annualised performance of a crypto portfolio?
ThebigPIntheODec 30, 2021 · 3 years ago1 answers
Could you please provide some insights on the most effective methods to calculate the annualised performance of a cryptocurrency portfolio? I would like to understand the strategies that can help me evaluate the overall performance of my crypto investments over a year.
1 answers
- Dec 30, 2021 · 3 years agoAt BYDFi, we recommend using a combination of quantitative and qualitative analysis to calculate the annualised performance of a crypto portfolio. Quantitative analysis involves using mathematical formulas and statistical models to measure the performance of your investments. This can include calculating the average annual return, standard deviation, and other risk metrics. Qualitative analysis, on the other hand, involves evaluating the qualitative factors that can impact the performance of your portfolio, such as market trends, news events, and regulatory changes. By combining these two approaches, you can get a more comprehensive understanding of the performance of your crypto portfolio. It is also important to keep in mind that past performance is not indicative of future results, and it is always recommended to consult with a financial advisor or investment professional before making any investment decisions.
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