Altlayer Performance
| ALT Crypto | USD 0.15 0.01 7.14% |
The crypto shows a Beta (market volatility) of -0.72, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Altlayer are expected to decrease at a much lower rate. During the bear market, Altlayer is likely to outperform the market.
Risk-Adjusted Performance
12 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Altlayer are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, Altlayer exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Altlayer |
Altlayer Relative Risk vs. Return Landscape
If you would invest 7.53 in Altlayer on September 1, 2024 and sell it today you would earn a total of 6.47 from holding Altlayer or generate 85.92% return on investment over 90 days. Altlayer is generating 1.2566% of daily returns assuming 8.0288% volatility of returns over the 90 days investment horizon. Simply put, 71% of all crypto coins have less volatile historical return distribution than Altlayer, and 75% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Altlayer Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altlayer's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Altlayer, and traders can use it to determine the average amount a Altlayer'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 = 0.1565
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ALT | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 8.03 actual daily | 71 71% of assets are less volatile |
Expected Return
| 1.26 actual daily | 25 75% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Altlayer 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 Altlayer by adding it to a well-diversified portfolio.
About Altlayer Performance
By analyzing Altlayer's fundamental ratios, stakeholders can gain valuable insights into Altlayer's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Altlayer has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Altlayer has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Altlayer is peer-to-peer digital currency powered by the Blockchain technology.| Altlayer is way too risky over 90 days horizon | |
| Altlayer has some characteristics of a very speculative cryptocurrency | |
| Altlayer 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 Altlayer. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.