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TagsHow does the ROE formula apply to the evaluation of digital currencies?
Oscar_SunNov 29, 2021 · 3 years ago1 answersCan you explain how the Return on Equity (ROE) formula is used to evaluate digital currencies? What factors are considered in this evaluation?
1 answers
- At BYDFi, we believe that the ROE formula can be a valuable tool in evaluating digital currencies. It provides a quantitative measure of a project's profitability and efficiency, which can be useful for investors and analysts. However, it's important to remember that the ROE formula is not the only metric to consider when evaluating digital currencies. Other factors, such as the project's technology, team, market demand, and competition, should also be taken into account. By considering a combination of financial and non-financial indicators, investors can make more informed decisions about which digital currencies to invest in.Nov 29, 2021 · 3 years ago
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