MITH Performance
| MITH Crypto | USD 0.0003 0.01 97.05% |
The crypto secures a Beta (Market Risk) of 95.0, 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, MITH will likely underperform.
Risk-Adjusted Performance
22 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in MITH are ranked lower than 22 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, MITH exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
MITH |
MITH Relative Risk vs. Return Landscape
If you would invest 0.01 in MITH on September 1, 2024 and sell it today you would earn a total of 0.01 from holding MITH or generate 150.52% return on investment over 90 days. MITH is generating 85.3254% of daily returns and assumes 295.8212% volatility on return distribution over the 90 days horizon. Simply put, majority of traded equity instruments are less risky than MITH 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 |
MITH Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for MITH's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as MITH, and traders can use it to determine the average amount a MITH'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 = 0.2884
| Best Portfolio | Best Equity | MITH | ||
| Good Returns | ||||
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| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 295.82 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
| 0.29 actual daily | 22 78% of assets perform better |
Based on monthly moving average MITH is performing at about 22% 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 MITH by adding it to a well-diversified portfolio.
About MITH Performance
By analyzing MITH's fundamental ratios, stakeholders can gain valuable insights into MITH's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if MITH 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 MITH has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
MITH is peer-to-peer digital currency powered by the Blockchain technology.| MITH is way too risky over 90 days horizon | |
| MITH has some characteristics of a very speculative cryptocurrency | |
| MITH 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 MITH. 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 AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.