REN Performance
| REN Crypto | USD 0.05 0.01 13.22% |
The crypto holds a Beta of -0.87, which implies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning REN are expected to decrease slowly. On the other hand, during market turmoil, REN is expected to outperform it slightly.
Risk-Adjusted Performance
8 of 100
Weak | Strong |
Modest
Compared to the overall equity markets, risk-adjusted returns on investments in REN are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, REN exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
REN |
REN Relative Risk vs. Return Landscape
If you would invest 3.63 in REN on September 1, 2024 and sell it today you would earn a total of 1.51 from holding REN or generate 41.6% return on investment over 90 days. REN is generating 0.7537% of daily returns assuming 6.6739% volatility of returns over the 90 days investment horizon. Simply put, 59% of all crypto coins have less volatile historical return distribution than REN, and 85% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
REN Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for REN's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as REN, and traders can use it to determine the average amount a REN'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 = 0.1129
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 6.67 actual daily | 59 59% of assets are less volatile |
Expected Return
| 0.75 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average REN 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 REN by adding it to a well-diversified portfolio.
About REN Performance
By analyzing REN's fundamental ratios, stakeholders can gain valuable insights into REN's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if REN 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 REN has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
REN is peer-to-peer digital currency powered by the Blockchain technology.| REN is way too risky over 90 days horizon | |
| REN has some characteristics of a very speculative cryptocurrency | |
| REN 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 REN. 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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.