DGTX Performance
| DGTX Crypto | USD 0.000048 0.000048 50.00% |
The crypto shows a Beta (market volatility) of 0.21, which means not very significant fluctuations relative to the market. As returns on the market increase, DGTX's returns are expected to increase less than the market. However, during the bear market, the loss of holding DGTX is expected to be smaller as well.
Risk-Adjusted Performance
0 of 100
Weak | Strong |
Very Weak
Over the last 90 days DGTX has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental indicators, DGTX is not utilizing all of its potentials. The latest stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
DGTX |
DGTX Relative Risk vs. Return Landscape
If you would invest 0.01 in DGTX on August 30, 2024 and sell it today you would lose 0.00 from holding DGTX or give up 18.64% of portfolio value over 90 days. DGTX is generating 0.0426% of daily returns and assumes 7.2807% volatility on return distribution over the 90 days horizon. Simply put, 64% of crypto coins are less volatile than DGTX, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
DGTX Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for DGTX's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as DGTX, and traders can use it to determine the average amount a DGTX'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 = 0.0059
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | DGTX |
Estimated Market Risk
| 7.28 actual daily | 64 64% of assets are less volatile |
Expected Return
| 0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average DGTX is not performing at its full potential. However, 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 DGTX by adding DGTX to a well-diversified portfolio.
About DGTX Performance
By analyzing DGTX's fundamental ratios, stakeholders can gain valuable insights into DGTX's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if DGTX 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 DGTX has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
DGTX is peer-to-peer digital currency powered by the Blockchain technology.| DGTX had very high historical volatility over the last 90 days | |
| DGTX has some characteristics of a very speculative cryptocurrency |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in DGTX. 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 Valuation module to check real value of public entities based on technical and fundamental data.