21Shares Polygon (Switzerland) Performance
| POLY Etf | 6.99 0.34 4.64% |
The entity shows a Beta (market volatility) of 1.91, which signifies 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, 21Shares Polygon will likely underperform.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in 21Shares Polygon ETP are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. In spite of fairly weak basic indicators, 21Shares Polygon showed solid returns over the last few months and may actually be approaching a breakup point. ...more
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21Shares Polygon Relative Risk vs. Return Landscape
If you would invest 443.00 in 21Shares Polygon ETP on September 16, 2024 and sell it today you would earn a total of 256.00 from holding 21Shares Polygon ETP or generate 57.79% return on investment over 90 days. 21Shares Polygon ETP is generating 1.0184% of daily returns and assumes 7.9876% volatility on return distribution over the 90 days horizon. Simply put, 71% of etfs are less volatile than 21Shares, and 80% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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21Shares Polygon Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for 21Shares Polygon's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as 21Shares Polygon ETP, and traders can use it to determine the average amount a 21Shares Polygon'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 = 0.1275
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Estimated Market Risk
| 7.99 actual daily | 71 71% of assets are less volatile |
Expected Return
| 1.02 actual daily | 20 80% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average 21Shares Polygon is performing at about 10% 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 21Shares Polygon by adding it to a well-diversified portfolio.