MX Token Performance
| MX Crypto | USD 3.39 0.04 1.17% |
The crypto owns a Beta (Systematic Risk) of 0.0344, which conveys not very significant fluctuations relative to the market. As returns on the market increase, MX Token's returns are expected to increase less than the market. However, during the bear market, the loss of holding MX Token is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days MX Token has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental indicators, MX Token is not utilizing all of its potentials. The latest stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
MX Token |
MX Token Relative Risk vs. Return Landscape
If you would invest 368.00 in MX Token on September 1, 2024 and sell it today you would lose (20.00) from holding MX Token or give up 5.43% of portfolio value over 90 days. MX Token is currently producing negative expected returns and takes up 3.1216% volatility of returns over 90 trading days. Put another way, 27% of traded crypto coins are less volatile than MX Token, and 99% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
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MX Token Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for MX Token's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as MX Token, and traders can use it to determine the average amount a MX 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 = -0.0119
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | MX |
Estimated Market Risk
| 3.12 actual daily | 27 73% of assets are more volatile |
Expected Return
| -0.04 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average MX Token is not performing at its full potential. However, 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 MX Token by adding MX Token to a well-diversified portfolio.
About MX Token Performance
By analyzing MX Token's fundamental ratios, stakeholders can gain valuable insights into MX Token's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if MX 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 MX Token has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
MX Token is peer-to-peer digital currency powered by the Blockchain technology.| MX Token generated a negative expected return over the last 90 days | |
| MX Token has high historical volatility and very poor performance |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MX 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 main economic indicators. You can also try the Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.