COV Performance
| COV Crypto | USD 0.36 0.02 5.88% |
The crypto shows a Beta (market volatility) of 0.98, which signifies possible diversification benefits within a given portfolio. COV returns are very sensitive to returns on the market. As the market goes up or down, COV is expected to follow.
Risk-Adjusted Performance
17 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in COV are ranked lower than 17 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, COV exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
COV |
COV Relative Risk vs. Return Landscape
If you would invest 22.00 in COV on August 30, 2024 and sell it today you would earn a total of 14.00 from holding COV or generate 63.64% return on investment over 90 days. COV is generating 0.8396% of daily returns assuming 3.7324% volatility of returns over the 90 days investment horizon. Simply put, 33% of all crypto coins have less volatile historical return distribution than COV, and 84% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
COV Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for COV's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as COV, and traders can use it to determine the average amount a COV'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 = 0.225
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | COV | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.73 actual daily | 33 67% of assets are more volatile |
Expected Return
| 0.84 actual daily | 16 84% of assets have higher returns |
Risk-Adjusted Return
| 0.23 actual daily | 17 83% of assets perform better |
Based on monthly moving average COV is performing at about 17% 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 COV by adding it to a well-diversified portfolio.
About COV Performance
By analyzing COV's fundamental ratios, stakeholders can gain valuable insights into COV's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if COV 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 COV has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
COV is peer-to-peer digital currency powered by the Blockchain technology.| COV has some characteristics of a very speculative cryptocurrency | |
| COV 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 COV. 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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.