How can I calculate the return on equity for a specific cryptocurrency?

1 answers

• May 03, 2022 · 3 years ago
  To calculate the return on equity for a specific cryptocurrency, you'll need to know the initial investment amount and the current value of your investment. Subtract the initial investment amount from the current value to get the profit. Then, divide the profit by the initial investment amount and multiply by 100 to get the return on equity percentage. It's important to keep in mind that the return on equity calculation doesn't include any additional costs or fees associated with buying or selling the cryptocurrency. Also, remember that the return on equity is just one metric to consider when evaluating the performance of a cryptocurrency investment. It's always a good idea to do thorough research and consider other factors before making any investment decisions.
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