SKYCOIN Performance
The entity has a beta of 0.0, which indicates not very significant fluctuations relative to the market. the returns on MARKET and SKYCOIN are completely uncorrelated.
Risk-Adjusted Performance
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Very Weak
Over the last 90 days SKYCOIN has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of very healthy fundamental indicators, SKYCOIN is not utilizing all of its potentials. The latest stock price disarray, may contribute to short-term losses for the investors. ...more
SKYCOIN |
SKYCOIN Relative Risk vs. Return Landscape
If you would invest (100.00) in SKYCOIN on September 2, 2024 and sell it today you would earn a total of 100.00 from holding SKYCOIN or generate -100.0% return on investment over 90 days. SKYCOIN is generating negative expected returns and assumes 0.0% volatility on return distribution over the 90 days horizon. Simply put, 0% of crypto coins are less volatile than SKYCOIN, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
SKYCOIN Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for SKYCOIN's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as SKYCOIN, and traders can use it to determine the average amount a SKYCOIN'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 = 0.0
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Based on monthly moving average SKYCOIN 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 SKYCOIN by adding SKYCOIN to a well-diversified portfolio.
| SKYCOIN is not yet fully synchronised with the market data | |
| SKYCOIN has some characteristics of a very speculative cryptocurrency |
Check out World Market Map to better understand how to build diversified portfolios. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Portfolio Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.
Other Tools for SKYCOIN Crypto Coin
When running SKYCOIN's price analysis, check to measure SKYCOIN's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy SKYCOIN is operating at the current time. Most of SKYCOIN's value examination focuses on studying past and present price actions to predict the probability of SKYCOIN's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move SKYCOIN's coin price. Additionally, you may evaluate how adding SKYCOIN to your portfolios can decrease your overall portfolio volatility.
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