Render Token Performance
| RNDR Crypto | USD 8.89 0.17 1.95% |
The crypto holds a Beta of 0.29, which implies not very significant fluctuations relative to the market. As returns on the market increase, Render Token's returns are expected to increase less than the market. However, during the bear market, the loss of holding Render Token is expected to be smaller as well.
Risk-Adjusted Performance
13 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Render Token are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, Render Token exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Render |
Render Token Relative Risk vs. Return Landscape
If you would invest 470.00 in Render Token on September 1, 2024 and sell it today you would earn a total of 405.00 from holding Render Token or generate 86.17% return on investment over 90 days. Render Token is generating 1.1779% of daily returns and assumes 6.9256% volatility on return distribution over the 90 days horizon. Simply put, 61% of crypto coins are less volatile than Render, and 77% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Render Token Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Render Token's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Render Token, and traders can use it to determine the average amount a Render Token'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 = 0.1701
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | RNDR | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 6.93 actual daily | 61 61% of assets are less volatile |
Expected Return
| 1.18 actual daily | 23 77% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Render Token is performing at about 13% 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 Render Token by adding it to a well-diversified portfolio.
About Render Token Performance
By analyzing Render Token's fundamental ratios, stakeholders can gain valuable insights into Render Token's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Render Token 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 Render Token has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Render Token is peer-to-peer digital currency powered by the Blockchain technology.| Render Token is way too risky over 90 days horizon | |
| Render Token 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 Render Token. 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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.