PAY Performance
| PAY Crypto | USD 0.01 0.000076 0.88% |
The entity holds a Beta of -0.58, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning PAY are expected to decrease at a much lower rate. During the bear market, PAY is likely to outperform the market.
Risk-Adjusted Performance
8 of 100
Weak | Strong |
Modest
Compared to the overall equity markets, risk-adjusted returns on investments in PAY are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, PAY exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
PAY |
PAY Relative Risk vs. Return Landscape
If you would invest 0.59 in PAY on August 30, 2024 and sell it today you would earn a total of 0.27 from holding PAY or generate 45.11% return on investment over 90 days. PAY is generating 0.9413% of daily returns assuming 8.5124% volatility of returns over the 90 days investment horizon. Simply put, 75% of all crypto coins have less volatile historical return distribution than PAY, and 82% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
PAY Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for PAY's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as PAY, and traders can use it to determine the average amount a PAY'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 = 0.1106
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 8.51 actual daily | 75 75% of assets are less volatile |
Expected Return
| 0.94 actual daily | 18 82% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average PAY is performing at about 8% 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 PAY by adding it to a well-diversified portfolio.
About PAY Performance
By analyzing PAY's fundamental ratios, stakeholders can gain valuable insights into PAY's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if PAY 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 PAY has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
PAY is peer-to-peer digital currency powered by the Blockchain technology.| PAY is way too risky over 90 days horizon | |
| PAY has some characteristics of a very speculative cryptocurrency | |
| PAY 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 PAY. 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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.