GNX Performance
| GNX Crypto | USD 0.01 0.000063 1.08% |
The crypto retains a Market Volatility (i.e., Beta) of -64.99, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning GNX are expected to decrease by larger amounts. On the other hand, during market turmoil, GNX is expected to outperform it.
Risk-Adjusted Performance
27 of 100
Weak | Strong |
Strong
Compared to the overall equity markets, risk-adjusted returns on investments in GNX are ranked lower than 27 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, GNX exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
GNX |
GNX Relative Risk vs. Return Landscape
If you would invest 0.34 in GNX on September 1, 2024 and sell it today you would lose (0.31) from holding GNX or give up 89.5% of portfolio value over 90 days. GNX is generating 119.0127% of daily returns assuming 343.8687% volatility of returns over the 90 days investment horizon. Simply put, majority of traded equity instruments are less risky than GNX 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 |
GNX Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for GNX's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as GNX, and traders can use it to determine the average amount a GNX'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 = 0.3461
| Best Portfolio | Best Equity | GNX | ||
| Good Returns | ||||
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| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 343.87 actual daily | 96 96% of assets are less volatile |
Expected Return
| 5.01 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.35 actual daily | 27 73% of assets perform better |
Based on monthly moving average GNX is performing at about 27% 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 GNX by adding it to a well-diversified portfolio.
About GNX Performance
By analyzing GNX's fundamental ratios, stakeholders can gain valuable insights into GNX's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if GNX 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 GNX has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
GNX is peer-to-peer digital currency powered by the Blockchain technology.| GNX is way too risky over 90 days horizon | |
| GNX has some characteristics of a very speculative cryptocurrency | |
| GNX appears to be risky and price may revert if volatility continues |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GNX. 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.