ZEL Performance
| ZEL Crypto | USD 0.08 0.0002 0.25% |
The entity maintains a market beta of 0.48, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, ZEL's returns are expected to increase less than the market. However, during the bear market, the loss of holding ZEL 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 ZEL are ranked lower than 19 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady essential indicators, ZEL exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | 749 million treasure hunt Crypto miner fights to retrieve Bitcoin fortune he claims was accidentally thrown in landfill - Fortune | 11/21/2024 |
ZEL |
ZEL Relative Risk vs. Return Landscape
If you would invest 4.90 in ZEL on August 30, 2024 and sell it today you would earn a total of 3.08 from holding ZEL or generate 62.86% return on investment over 90 days. ZEL is generating 0.8197% of daily returns assuming 3.3867% volatility of returns over the 90 days investment horizon. Simply put, 30% of all crypto coins have less volatile historical return distribution than ZEL, and 84% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
ZEL Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZEL's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as ZEL, and traders can use it to determine the average amount a ZEL'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 = 0.242
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ZEL | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.39 actual daily | 30 70% of assets are more volatile |
Expected Return
| 0.82 actual daily | 16 84% of assets have higher returns |
Risk-Adjusted Return
| 0.24 actual daily | 19 81% of assets perform better |
Based on monthly moving average ZEL 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 ZEL by adding it to a well-diversified portfolio.
About ZEL Performance
By analyzing ZEL's fundamental ratios, stakeholders can gain valuable insights into ZEL's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if ZEL 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 ZEL has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
ZEL is peer-to-peer digital currency powered by the Blockchain technology.| ZEL has some characteristics of a very speculative cryptocurrency | |
| ZEL appears to be risky and price may revert if volatility continues | |
| Latest headline from news.google.com: 749 million treasure hunt Crypto miner fights to retrieve Bitcoin fortune he claims was accidentally thrown in landfill - Fortune |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in ZEL. 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 Equity Forecasting module to use basic forecasting models to generate price predictions and determine price momentum.