Worldwide Asset Performance
| WAXP Crypto | USD 0.06 0.0002 0.36% |
The entity maintains a market beta of 1.08, which attests to a somewhat significant risk relative to the market. Worldwide Asset returns are very sensitive to returns on the market. As the market goes up or down, Worldwide Asset is expected to follow.
Risk-Adjusted Performance
17 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Worldwide Asset eXchange are ranked lower than 17 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, Worldwide Asset exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Worldwide |
Worldwide Asset Relative Risk vs. Return Landscape
If you would invest 2.81 in Worldwide Asset eXchange on September 2, 2024 and sell it today you would earn a total of 2.78 from holding Worldwide Asset eXchange or generate 98.93% return on investment over 90 days. Worldwide Asset eXchange is generating 1.1876% of daily returns and assumes 5.4134% volatility on return distribution over the 90 days horizon. Simply put, 48% of crypto coins are less volatile than Worldwide, and 77% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Worldwide Asset Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Worldwide Asset's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Worldwide Asset eXchange, and traders can use it to determine the average amount a Worldwide Asset'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 = 0.2194
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 5.41 actual daily | 48 52% of assets are more volatile |
Expected Return
| 1.19 actual daily | 23 77% of assets have higher returns |
Risk-Adjusted Return
| 0.22 actual daily | 17 83% of assets perform better |
Based on monthly moving average Worldwide Asset is performing at about 17% 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 Worldwide Asset by adding it to a well-diversified portfolio.
About Worldwide Asset Performance
By analyzing Worldwide Asset's fundamental ratios, stakeholders can gain valuable insights into Worldwide Asset's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Worldwide Asset 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 Worldwide Asset has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Worldwide Asset eXchange is peer-to-peer digital currency powered by the Blockchain technology.| Worldwide Asset is way too risky over 90 days horizon | |
| Worldwide Asset has some characteristics of a very speculative cryptocurrency | |
| Worldwide Asset appears to be risky and price may revert if volatility continues |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Worldwide Asset eXchange. 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 Stocks Directory module to find actively traded stocks across global markets.