Metis Token Performance
| METIS Crypto | USD 60.75 0.53 0.86% |
The crypto secures a Beta (Market Risk) of 2.26, which conveys 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, Metis Token will likely underperform.
Risk-Adjusted Performance
13 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Metis Token are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, Metis Token exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Metis |
Metis Token Relative Risk vs. Return Landscape
If you would invest 3,147 in Metis Token on August 30, 2024 and sell it today you would earn a total of 2,928 from holding Metis Token or generate 93.04% return on investment over 90 days. Metis Token is generating 1.3318% of daily returns and assumes 7.991% volatility on return distribution over the 90 days horizon. Simply put, 71% of crypto coins are less volatile than Metis, and 74% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Metis Token Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Metis Token's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Metis Token, and traders can use it to determine the average amount a Metis Token'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 = 0.1667
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | METIS | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 7.99 actual daily | 71 71% of assets are less volatile |
Expected Return
| 1.33 actual daily | 26 74% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Metis Token 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 Metis Token by adding it to a well-diversified portfolio.
About Metis Token Performance
By analyzing Metis Token's fundamental ratios, stakeholders can gain valuable insights into Metis Token's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Metis Token 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 Metis Token has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Metis Token is peer-to-peer digital currency powered by the Blockchain technology.| Metis Token is way too risky over 90 days horizon | |
| Metis Token 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 Metis Token. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in state. You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.