FIRO Performance
| FIRO Crypto | USD 1.59 0.06 3.92% |
The crypto shows a Beta (market volatility) of -0.0429, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning FIRO are expected to decrease at a much lower rate. During the bear market, FIRO is likely to outperform the market.
Risk-Adjusted Performance
13 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in FIRO are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, FIRO exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Bitcoin tumbles back to the 60,000 level as tensions in the Middle East heighten - CNBC | 10/01/2024 |
FIRO |
FIRO Relative Risk vs. Return Landscape
If you would invest 106.00 in FIRO on September 1, 2024 and sell it today you would earn a total of 53.00 from holding FIRO or generate 50.0% return on investment over 90 days. FIRO is generating 0.7104% of daily returns and assumes 4.1786% volatility on return distribution over the 90 days horizon. Simply put, 37% of crypto coins are less volatile than FIRO, and 86% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
FIRO Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for FIRO's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as FIRO, and traders can use it to determine the average amount a FIRO'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 = 0.17
| Best Portfolio | Best Equity | |||
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| Small Returns | FIRO | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 4.18 actual daily | 37 63% of assets are more volatile |
Expected Return
| 0.71 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average FIRO is performing at about 13% 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 FIRO by adding it to a well-diversified portfolio.
About FIRO Performance
By analyzing FIRO's fundamental ratios, stakeholders can gain valuable insights into FIRO's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if FIRO 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 FIRO has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
FIRO is peer-to-peer digital currency powered by the Blockchain technology.| FIRO may become a speculative penny crypto | |
| FIRO 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 FIRO. 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 Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.