BinaryX Performance
| BNX Crypto | USD 0.68 0.06 9.68% |
The crypto shows a Beta (market volatility) of -0.86, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning BinaryX are expected to decrease slowly. On the other hand, during market turmoil, BinaryX is expected to outperform it slightly.
Risk-Adjusted Performance
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Over the last 90 days BinaryX has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unsteady performance in the last few months, the Crypto's basic indicators remain rather sound which may send shares a bit higher in January 2025. The latest tumult may also be a sign of longer-term up-swing for BinaryX shareholders. ...more
BinaryX |
BinaryX Relative Risk vs. Return Landscape
If you would invest 114.00 in BinaryX on September 3, 2024 and sell it today you would lose (52.00) from holding BinaryX or give up 45.61% of portfolio value over 90 days. BinaryX is producing return of less than zero assuming 6.4576% volatility of returns over the 90 days investment horizon. Simply put, 57% of all crypto coins have less volatile historical return distribution than BinaryX, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
BinaryX Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for BinaryX's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as BinaryX, and traders can use it to determine the average amount a BinaryX'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 = -0.1124
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | BNX |
Estimated Market Risk
| 6.46 actual daily | 57 57% of assets are less volatile |
Expected Return
| -0.73 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.11 actual daily | 0 Most of other assets perform better |
Based on monthly moving average BinaryX is not performing at its full potential. However, 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 BinaryX by adding BinaryX to a well-diversified portfolio.
About BinaryX Performance
By analyzing BinaryX's fundamental ratios, stakeholders can gain valuable insights into BinaryX's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if BinaryX 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 BinaryX has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
BinaryX is peer-to-peer digital currency powered by the Blockchain technology.| BinaryX generated a negative expected return over the last 90 days | |
| BinaryX has high historical volatility and very poor performance | |
| BinaryX has some characteristics of a very speculative cryptocurrency |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BinaryX. 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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.