Parcl Performance
| PRCL Crypto | USD 0.44 0.01 2.33% |
The crypto holds a Beta of 0.76, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Parcl's returns are expected to increase less than the market. However, during the bear market, the loss of holding Parcl is expected to be smaller as well.
Risk-Adjusted Performance
17 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Parcl are ranked lower than 17 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, Parcl exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Parcl |
Parcl Relative Risk vs. Return Landscape
If you would invest 12.00 in Parcl on September 1, 2024 and sell it today you would earn a total of 32.00 from holding Parcl or generate 266.67% return on investment over 90 days. Parcl is generating 2.67% of daily returns and assumes 12.0276% volatility on return distribution over the 90 days horizon. Simply put, majority of traded equity instruments are less risky than Parcl 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 |
Parcl Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Parcl's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Parcl, and traders can use it to determine the average amount a Parcl'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 = 0.222
| Best Portfolio | Best Equity | |||
| Good Returns | PRCL | |||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 12.03 actual daily | 96 96% of assets are less volatile |
Expected Return
| 2.67 actual daily | 53 53% of assets have lower returns |
Risk-Adjusted Return
| 0.22 actual daily | 17 83% of assets perform better |
Based on monthly moving average Parcl is performing at about 17% 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 Parcl by adding it to a well-diversified portfolio.
About Parcl Performance
By analyzing Parcl's fundamental ratios, stakeholders can gain valuable insights into Parcl's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Parcl 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 Parcl has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Parcl is peer-to-peer digital currency powered by the Blockchain technology.| Parcl is way too risky over 90 days horizon | |
| Parcl has some characteristics of a very speculative cryptocurrency | |
| Parcl 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 Parcl. 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 Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.