Injective Performance
| INJ Crypto | USD 29.64 0.15 0.50% |
The crypto retains a Market Volatility (i.e., Beta) of 1.85, which attests to a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Injective will likely underperform.
Risk-Adjusted Performance
14 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Injective are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady forward-looking indicators, Injective exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Injective |
Injective Relative Risk vs. Return Landscape
If you would invest 1,727 in Injective on August 30, 2024 and sell it today you would earn a total of 1,237 from holding Injective or generate 71.63% return on investment over 90 days. Injective is generating 0.9952% of daily returns assuming 5.5848% volatility of returns over the 90 days investment horizon. Simply put, 49% of all crypto coins have less volatile historical return distribution than Injective, and 81% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Injective Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Injective's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Injective, and traders can use it to determine the average amount a Injective'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 = 0.1782
| Best Portfolio | Best Equity | |||
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| Small Returns | INJ | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 5.58 actual daily | 49 51% of assets are more volatile |
Expected Return
| 1.0 actual daily | 19 81% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average Injective is performing at about 14% 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 Injective by adding it to a well-diversified portfolio.
About Injective Performance
By analyzing Injective's fundamental ratios, stakeholders can gain valuable insights into Injective's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Injective 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 Injective has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Injective is peer-to-peer digital currency powered by the Blockchain technology.| Injective is way too risky over 90 days horizon | |
| Injective 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 Injective. 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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.