Dogecoin Performance
| DOGE Crypto | USD 0.42 0.01 2.33% |
The crypto shows a Beta (market volatility) of 0.55, which means possible diversification benefits within a given portfolio. As returns on the market increase, Dogecoin's returns are expected to increase less than the market. However, during the bear market, the loss of holding Dogecoin is expected to be smaller as well.
Risk-Adjusted Performance
19 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Dogecoin are ranked lower than 19 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, Dogecoin exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Dogecoin A Joke No More The Rise Of A 58 Billion Crypto Phenomenon - Forbes | 11/22/2024 |
Dogecoin |
Dogecoin Relative Risk vs. Return Landscape
If you would invest 9.68 in Dogecoin on September 1, 2024 and sell it today you would earn a total of 32.32 from holding Dogecoin or generate 333.88% return on investment over 90 days. Dogecoin is generating 2.7623% of daily returns and assumes 11.1092% volatility on return distribution over the 90 days horizon. Simply put, 98% of crypto coins are less volatile than Dogecoin, and 45% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Dogecoin Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Dogecoin's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Dogecoin, and traders can use it to determine the average amount a Dogecoin'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 = 0.2487
| Best Portfolio | Best Equity | |||
| Good Returns | DOGE | |||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 11.11 actual daily | 96 96% of assets are less volatile |
Expected Return
| 2.76 actual daily | 55 55% of assets have lower returns |
Risk-Adjusted Return
| 0.25 actual daily | 19 81% of assets perform better |
Based on monthly moving average Dogecoin is performing at about 19% 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 Dogecoin by adding it to a well-diversified portfolio.
About Dogecoin Performance
By analyzing Dogecoin's fundamental ratios, stakeholders can gain valuable insights into Dogecoin's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Dogecoin 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 Dogecoin has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Dogecoin is peer-to-peer digital currency powered by the Blockchain technology.| Dogecoin is way too risky over 90 days horizon | |
| Dogecoin has some characteristics of a very speculative cryptocurrency | |
| Dogecoin appears to be risky and price may revert if volatility continues | |
| Latest headline from news.google.com: Dogecoin A Joke No More The Rise Of A 58 Billion Crypto Phenomenon - Forbes |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Dogecoin. 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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.