SPACE Performance
| ID Crypto | USD 0.59 0.02 3.51% |
The entity owns a Beta (Systematic Risk) of 0.64, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SPACE's returns are expected to increase less than the market. However, during the bear market, the loss of holding SPACE is expected to be smaller as well.
Risk-Adjusted Performance
16 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in SPACE are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, SPACE exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Elon Musks Meme Alert Sparks Crypto Communitys Heated Reaction Details - U.Today | 11/22/2024 |
SPACE |
SPACE Relative Risk vs. Return Landscape
If you would invest 33.00 in SPACE on September 1, 2024 and sell it today you would earn a total of 26.00 from holding SPACE or generate 78.79% return on investment over 90 days. SPACE is currently producing 1.0125% returns and takes up 4.8093% volatility of returns over 90 trading days. Put another way, 42% of traded crypto coins are less volatile than SPACE, and 80% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
SPACE Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for SPACE's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as SPACE, and traders can use it to determine the average amount a SPACE'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 = 0.2105
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ID | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 4.81 actual daily | 42 58% of assets are more volatile |
Expected Return
| 1.01 actual daily | 20 80% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average SPACE 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 SPACE by adding it to a well-diversified portfolio.
About SPACE Performance
By analyzing SPACE's fundamental ratios, stakeholders can gain valuable insights into SPACE's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if SPACE 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 SPACE has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
SPACE is peer-to-peer digital currency powered by the Blockchain technology.| SPACE has some characteristics of a very speculative cryptocurrency | |
| SPACE appears to be risky and price may revert if volatility continues | |
| Latest headline from news.google.com: Elon Musks Meme Alert Sparks Crypto Communitys Heated Reaction Details - U.Today |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in SPACE. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Portfolio Optimization module to compute new portfolio that will generate highest expected return given your specified tolerance for risk.