Magic Performance
| MAGIC Crypto | USD 0.59 0.04 7.27% |
The crypto secures a Beta (Market Risk) of -0.0664, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Magic are expected to decrease at a much lower rate. During the bear market, Magic is likely to outperform the market.
Risk-Adjusted Performance
15 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Magic are ranked lower than 15 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, Magic exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Magic |
Magic Relative Risk vs. Return Landscape
If you would invest 32.00 in Magic on September 1, 2024 and sell it today you would earn a total of 27.00 from holding Magic or generate 84.38% return on investment over 90 days. Magic is generating 1.0874% of daily returns and assumes 5.4131% volatility on return distribution over the 90 days horizon. Simply put, 48% of crypto coins are less volatile than Magic, and 79% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Magic Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Magic's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Magic, and traders can use it to determine the average amount a Magic'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 = 0.2009
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | MAGIC | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 5.41 actual daily | 48 52% of assets are more volatile |
Expected Return
| 1.09 actual daily | 21 79% of assets have higher returns |
Risk-Adjusted Return
| 0.2 actual daily | 15 85% of assets perform better |
Based on monthly moving average Magic is performing at about 15% 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 Magic by adding it to a well-diversified portfolio.
About Magic Performance
By analyzing Magic's fundamental ratios, stakeholders can gain valuable insights into Magic's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Magic 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 Magic has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Magic is peer-to-peer digital currency powered by the Blockchain technology.| Magic is way too risky over 90 days horizon | |
| Magic has some characteristics of a very speculative cryptocurrency | |
| Magic appears to be risky and price may revert if volatility continues |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magic. 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 Stocks Directory module to find actively traded stocks across global markets.