Alchemy Pay Performance
| ACH Crypto | USD 0.03 0.0001 0.34% |
The crypto shows a Beta (market volatility) of 1.14, which signifies a somewhat significant risk relative to the market. Alchemy Pay returns are very sensitive to returns on the market. As the market goes up or down, Alchemy Pay is expected to follow.
Risk-Adjusted Performance
13 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Alchemy Pay are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady technical indicators, Alchemy Pay exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Alchemy |
Alchemy Pay Relative Risk vs. Return Landscape
If you would invest 1.75 in Alchemy Pay on August 30, 2024 and sell it today you would earn a total of 1.20 from holding Alchemy Pay or generate 68.57% return on investment over 90 days. Alchemy Pay is generating 0.9491% of daily returns assuming 5.4341% volatility of returns over the 90 days investment horizon. Simply put, 48% of all crypto coins have less volatile historical return distribution than Alchemy Pay, and 82% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Alchemy Pay Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Alchemy Pay's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Alchemy Pay, and traders can use it to determine the average amount a Alchemy Pay'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 = 0.1747
| Best Portfolio | Best Equity | |||
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| Small Returns | ACH | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 5.43 actual daily | 48 52% of assets are more volatile |
Expected Return
| 0.95 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 Alchemy Pay 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 Alchemy Pay by adding it to a well-diversified portfolio.
About Alchemy Pay Performance
By analyzing Alchemy Pay's fundamental ratios, stakeholders can gain valuable insights into Alchemy Pay's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Alchemy Pay 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 Alchemy Pay has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Alchemy Pay is peer-to-peer digital currency powered by the Blockchain technology.| Alchemy Pay is way too risky over 90 days horizon | |
| Alchemy Pay has some characteristics of a very speculative cryptocurrency | |
| Alchemy Pay appears to be risky and price may revert if volatility continues |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Alchemy Pay. 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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.