CENNZ Performance
| CENNZ Crypto | USD 0.02 0 9.35% |
The crypto shows a Beta (market volatility) of 10.29, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, CENNZ will likely underperform.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in CENNZ are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, CENNZ exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
CENNZ |
CENNZ Relative Risk vs. Return Landscape
If you would invest 0.79 in CENNZ on September 1, 2024 and sell it today you would earn a total of 12.21 from holding CENNZ or generate 1547.86% return on investment over 90 days. CENNZ is generating 14.2055% of daily returns and assumes 103.9263% volatility on return distribution over the 90 days horizon. Simply put, majority of traded equity instruments are less risky than CENNZ on the basis of their historical return distribution, and most equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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CENNZ Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for CENNZ's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as CENNZ, and traders can use it to determine the average amount a CENNZ'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 = 0.1367
| Best Portfolio | Best Equity | CENNZ | ||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 103.93 actual daily | 96 96% of assets are less volatile |
Expected Return
| 5.01 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.14 actual daily | 10 90% of assets perform better |
Based on monthly moving average CENNZ is performing at about 10% 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 CENNZ by adding it to a well-diversified portfolio.
About CENNZ Performance
By analyzing CENNZ's fundamental ratios, stakeholders can gain valuable insights into CENNZ's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if CENNZ 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 CENNZ has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
CENNZ is peer-to-peer digital currency powered by the Blockchain technology.| CENNZ is way too risky over 90 days horizon | |
| CENNZ has some characteristics of a very speculative cryptocurrency | |
| CENNZ 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 CENNZ. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.