Near Performance
| NEAR Crypto | USD 7.01 0.04 0.57% |
The crypto secures a Beta (Market Risk) of 0.9, which conveys possible diversification benefits within a given portfolio. Near returns are very sensitive to returns on the market. As the market goes up or down, Near is expected to follow.
Risk-Adjusted Performance
16 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Near are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, Near exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Near |
Near Relative Risk vs. Return Landscape
If you would invest 372.00 in Near on September 1, 2024 and sell it today you would earn a total of 322.00 from holding Near or generate 86.56% return on investment over 90 days. Near is generating 1.094% of daily returns and assumes 5.1687% volatility on return distribution over the 90 days horizon. Simply put, 46% of crypto coins are less volatile than Near, and 79% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Near Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Near's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Near, and traders can use it to determine the average amount a Near'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 = 0.2116
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
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| Small Returns | NEAR | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 5.17 actual daily | 46 54% of assets are more volatile |
Expected Return
| 1.09 actual daily | 21 79% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average Near is performing at about 16% 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 Near by adding it to a well-diversified portfolio.
About Near Performance
By analyzing Near's fundamental ratios, stakeholders can gain valuable insights into Near's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Near 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 Near has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Near is peer-to-peer digital currency powered by the Blockchain technology.| Near is way too risky over 90 days horizon | |
| Near 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 Near. 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 USA ETFs module to find actively traded Exchange Traded Funds (ETF) in USA.