WINGS Performance
| WINGS Crypto | USD 0.00001 0.000001 11.11% |
The entity maintains a market beta of -0.47, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning WINGS are expected to decrease at a much lower rate. During the bear market, WINGS is likely to outperform the market.
Risk-Adjusted Performance
13 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in WINGS are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, WINGS exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
WINGS |
WINGS Relative Risk vs. Return Landscape
If you would invest 0.00 in WINGS on September 4, 2024 and sell it today you would earn a total of 0.00 from holding WINGS or generate 66.67% return on investment over 90 days. WINGS is generating 0.9444% of daily returns and assumes 5.71% volatility on return distribution over the 90 days horizon. Simply put, 50% of crypto coins are less volatile than WINGS, and 82% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
WINGS Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for WINGS's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as WINGS, and traders can use it to determine the average amount a WINGS'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 = 0.1654
| Best Portfolio | Best Equity | |||
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| Small Returns | WINGS | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 5.71 actual daily | 50 50% of assets are less volatile |
Expected Return
| 0.94 actual daily | 18 82% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average WINGS is performing at about 13% 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 WINGS by adding it to a well-diversified portfolio.
About WINGS Performance
By analyzing WINGS's fundamental ratios, stakeholders can gain valuable insights into WINGS's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if WINGS 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 WINGS has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
WINGS is peer-to-peer digital currency powered by the Blockchain technology.| WINGS is way too risky over 90 days horizon | |
| WINGS has some characteristics of a very speculative cryptocurrency | |
| WINGS 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 WINGS. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in state. You can also try the USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.