CNNS Performance
| CNNS Crypto | USD 0.000074 0.000002 2.78% |
The crypto shows a Beta (market volatility) of -0.78, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning CNNS are expected to decrease at a much lower rate. During the bear market, CNNS is likely to outperform the market.
Risk-Adjusted Performance
8 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in CNNS are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, CNNS exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
CNNS |
CNNS Relative Risk vs. Return Landscape
If you would invest 0.00 in CNNS on September 1, 2024 and sell it today you would earn a total of 0.00 from holding CNNS or generate 54.17% return on investment over 90 days. CNNS is generating 2.2781% of daily returns and assumes 20.0728% volatility on return distribution over the 90 days horizon. Simply put, majority of traded equity instruments are less risky than CNNS 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 |
| Risk |
CNNS Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for CNNS's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as CNNS, and traders can use it to determine the average amount a CNNS'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 = 0.1135
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | CNNS | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 20.07 actual daily | 96 96% of assets are less volatile |
Expected Return
| 2.28 actual daily | 45 55% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average CNNS is performing at about 8% 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 CNNS by adding it to a well-diversified portfolio.
About CNNS Performance
By analyzing CNNS's fundamental ratios, stakeholders can gain valuable insights into CNNS's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if CNNS 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 CNNS has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
CNNS is peer-to-peer digital currency powered by the Blockchain technology.| CNNS is way too risky over 90 days horizon | |
| CNNS has some characteristics of a very speculative cryptocurrency | |
| CNNS 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 CNNS. 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 Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.