EKO Performance
| EKO Crypto | USD 0.000001 0.000009 90.00% |
The crypto shows a Beta (market volatility) of 14.9, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, EKO will likely underperform.
Risk-Adjusted Performance
18 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in EKO are ranked lower than 18 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, EKO exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
EKO |
EKO Relative Risk vs. Return Landscape
If you would invest 0.01 in EKO on September 3, 2024 and sell it today you would lose (0.01) from holding EKO or give up 98.28% of portfolio value over 90 days. EKO is generating 39.1605% of daily returns assuming 165.4812% volatility of returns over the 90 days investment horizon. Simply put, majority of traded equity instruments are less risky than EKO on the basis of their historical return distribution, and most equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
EKO Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for EKO's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as EKO, and traders can use it to determine the average amount a EKO'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 = 0.2366
| Best Portfolio | Best Equity | EKO | ||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 165.48 actual daily | 96 96% of assets are less volatile |
Expected Return
| 5.01 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.24 actual daily | 18 82% of assets perform better |
Based on monthly moving average EKO is performing at about 18% 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 EKO by adding it to a well-diversified portfolio.
About EKO Performance
By analyzing EKO's fundamental ratios, stakeholders can gain valuable insights into EKO's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if EKO 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 EKO has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
EKO is peer-to-peer digital currency powered by the Blockchain technology.| EKO is way too risky over 90 days horizon | |
| EKO has some characteristics of a very speculative cryptocurrency | |
| EKO appears to be risky and price may revert if volatility continues |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EKO. 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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.