POLY Performance
| POLY Crypto | USD 0.21 0.00 0.00% |
The crypto holds a Beta of -0.4, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning POLY are expected to decrease at a much lower rate. During the bear market, POLY is likely to outperform the market.
Risk-Adjusted Performance
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Over the last 90 days POLY has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unsteady performance in the last few months, the Crypto's fundamental indicators remain rather sound which may send shares a bit higher in December 2024. The latest tumult may also be a sign of longer-term up-swing for POLY shareholders. ...more
POLY |
POLY Relative Risk vs. Return Landscape
If you would invest 21.00 in POLY on September 1, 2024 and sell it today you would lose (11.33) from holding POLY or give up 53.95% of portfolio value over 90 days. POLY is generating negative expected returns and assumes 6.692% volatility on return distribution over the 90 days horizon. Simply put, 59% of crypto coins are less volatile than POLY, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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POLY Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for POLY's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as POLY, and traders can use it to determine the average amount a POLY'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 = -0.124
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| Negative Returns | POLY |
Estimated Market Risk
| 6.69 actual daily | 59 59% of assets are less volatile |
Expected Return
| -0.83 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.12 actual daily | 0 Most of other assets perform better |
Based on monthly moving average POLY 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 POLY by adding POLY to a well-diversified portfolio.
About POLY Performance
By analyzing POLY's fundamental ratios, stakeholders can gain valuable insights into POLY's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if POLY 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 POLY has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
POLY is peer-to-peer digital currency powered by the Blockchain technology.| POLY generated a negative expected return over the last 90 days | |
| POLY has high historical volatility and very poor performance | |
| POLY has some characteristics of a very speculative cryptocurrency |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in POLY. 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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.