OPENP Performance
| OPENP Crypto | USD 0.01 0 10.17% |
The crypto holds a Beta of -0.32, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning OPENP are expected to decrease at a much lower rate. During the bear market, OPENP is likely to outperform the market.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in OPENP are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, OPENP exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
OPENP |
OPENP Relative Risk vs. Return Landscape
If you would invest 0.52 in OPENP on September 1, 2024 and sell it today you would earn a total of 0.78 from holding OPENP or generate 151.69% return on investment over 90 days. OPENP is generating 3.1721% of daily returns and assumes 23.2813% volatility on return distribution over the 90 days horizon. Simply put, majority of traded equity instruments are less risky than OPENP 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 |
OPENP Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for OPENP's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as OPENP, and traders can use it to determine the average amount a OPENP'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 = 0.1363
| Best Portfolio | Best Equity | |||
| Good Returns | OPENP | |||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 23.28 actual daily | 96 96% of assets are less volatile |
Expected Return
| 3.17 actual daily | 63 63% of assets have lower returns |
Risk-Adjusted Return
| 0.14 actual daily | 10 90% of assets perform better |
Based on monthly moving average OPENP is performing at about 10% 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 OPENP by adding it to a well-diversified portfolio.
About OPENP Performance
By analyzing OPENP's fundamental ratios, stakeholders can gain valuable insights into OPENP's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if OPENP 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 OPENP has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
OPENP is peer-to-peer digital currency powered by the Blockchain technology.| OPENP is way too risky over 90 days horizon | |
| OPENP has some characteristics of a very speculative cryptocurrency | |
| OPENP appears to be risky and price may revert if volatility continues |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OPENP. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in american community survey. You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.