Degen Performance
| DEGEN Crypto | USD 0.02 0.0004 2.11% |
The crypto shows a Beta (market volatility) of 0.59, which means possible diversification benefits within a given portfolio. As returns on the market increase, Degen's returns are expected to increase less than the market. However, during the bear market, the loss of holding Degen is expected to be smaller as well.
Risk-Adjusted Performance
16 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Degen are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, Degen exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Degen |
Degen Relative Risk vs. Return Landscape
If you would invest 0.33 in Degen on September 1, 2024 and sell it today you would earn a total of 1.59 from holding Degen or generate 476.06% return on investment over 90 days. Degen is generating 4.1459% of daily returns and assumes 20.2813% volatility on return distribution over the 90 days horizon. Simply put, majority of traded equity instruments are less risky than Degen 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 |
Degen Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Degen's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Degen, and traders can use it to determine the average amount a Degen'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 = 0.2044
| Best Portfolio | Best Equity | DEGEN | ||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 20.28 actual daily | 96 96% of assets are less volatile |
Expected Return
| 4.15 actual daily | 82 82% of assets have lower returns |
Risk-Adjusted Return
| 0.2 actual daily | 16 84% of assets perform better |
Based on monthly moving average Degen is performing at about 16% 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 Degen by adding it to a well-diversified portfolio.
About Degen Performance
By analyzing Degen's fundamental ratios, stakeholders can gain valuable insights into Degen's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Degen 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 Degen has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Degen is peer-to-peer digital currency powered by the Blockchain technology.| Degen is way too risky over 90 days horizon | |
| Degen has some characteristics of a very speculative cryptocurrency | |
| Degen appears to be risky and price may revert if volatility continues |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Degen. 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 File Import module to quickly import all of your third-party portfolios from your local drive in csv format.