Solana Performance
| SOL Crypto | USD 244.76 2.50 1.03% |
The entity has a beta of 0.22, which indicates not very significant fluctuations relative to the market. As returns on the market increase, Solana's returns are expected to increase less than the market. However, during the bear market, the loss of holding Solana is expected to be smaller as well.
Risk-Adjusted Performance
19 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Solana are ranked lower than 19 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady essential indicators, Solana exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Solana |
Solana Relative Risk vs. Return Landscape
If you would invest 13,534 in Solana on August 30, 2024 and sell it today you would earn a total of 10,942 from holding Solana or generate 80.85% return on investment over 90 days. Solana is generating 1.0131% of daily returns assuming 4.1277% volatility of returns over the 90 days investment horizon. Simply put, 36% of all crypto coins have less volatile historical return distribution than Solana, and 80% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Solana Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Solana's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Solana, and traders can use it to determine the average amount a Solana'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 = 0.2454
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 4.13 actual daily | 36 64% of assets are more volatile |
Expected Return
| 1.01 actual daily | 20 80% of assets have higher returns |
Risk-Adjusted Return
| 0.25 actual daily | 19 81% of assets perform better |
Based on monthly moving average Solana is performing at about 19% 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 Solana by adding it to a well-diversified portfolio.
About Solana Performance
By analyzing Solana's fundamental ratios, stakeholders can gain valuable insights into Solana's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Solana 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 Solana has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Solana is peer-to-peer digital currency powered by the Blockchain technology.| Solana appears to be risky and price may revert if volatility continues |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Solana. 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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.