Ethena Performance
| ENA Crypto | USD 0.84 0.05 6.33% |
The crypto shows a Beta (market volatility) of 1.68, 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, Ethena will likely underperform.
Risk-Adjusted Performance
20 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Ethena are ranked lower than 20 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, Ethena exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Ethena |
Ethena Relative Risk vs. Return Landscape
If you would invest 22.00 in Ethena on September 1, 2024 and sell it today you would earn a total of 62.00 from holding Ethena or generate 281.82% return on investment over 90 days. Ethena is generating 2.4901% of daily returns assuming 9.5597% volatility of returns over the 90 days investment horizon. Simply put, 85% of all crypto coins have less volatile historical return distribution than Ethena, and 51% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Ethena Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ethena's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Ethena, and traders can use it to determine the average amount a Ethena'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 = 0.2605
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ENA | |||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 9.56 actual daily | 85 85% of assets are less volatile |
Expected Return
| 2.49 actual daily | 49 51% of assets have higher returns |
Risk-Adjusted Return
| 0.26 actual daily | 20 80% of assets perform better |
Based on monthly moving average Ethena is performing at about 20% 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 Ethena by adding it to a well-diversified portfolio.
About Ethena Performance
By analyzing Ethena's fundamental ratios, stakeholders can gain valuable insights into Ethena's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Ethena 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 Ethena has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Ethena is peer-to-peer digital currency powered by the Blockchain technology.| Ethena is way too risky over 90 days horizon | |
| Ethena has some characteristics of a very speculative cryptocurrency | |
| Ethena 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 Ethena. 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 Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.