SKALE Network Performance
| SKL Crypto | USD 0.07 0 2.26% |
The entity owns a Beta (Systematic Risk) of 1.48, which indicates a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, SKALE Network will likely underperform.
Risk-Adjusted Performance
17 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in SKALE Network are ranked lower than 17 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady essential indicators, SKALE Network exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
SKALE |
SKALE Network Relative Risk vs. Return Landscape
If you would invest 3.10 in SKALE Network on August 30, 2024 and sell it today you would earn a total of 3.69 from holding SKALE Network or generate 119.03% return on investment over 90 days. SKALE Network is generating 1.4249% of daily returns assuming 6.3201% volatility of returns over the 90 days investment horizon. Simply put, 56% of all crypto coins have less volatile historical return distribution than SKALE Network, and 72% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
SKALE Network Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for SKALE Network's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as SKALE Network, and traders can use it to determine the average amount a SKALE Network'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 = 0.2255
| Best Portfolio | Best Equity | |||
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| Average Returns | SKL | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 6.32 actual daily | 56 56% of assets are less volatile |
Expected Return
| 1.42 actual daily | 28 72% of assets have higher returns |
Risk-Adjusted Return
| 0.23 actual daily | 17 83% of assets perform better |
Based on monthly moving average SKALE Network 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 SKALE Network by adding it to a well-diversified portfolio.
About SKALE Network Performance
By analyzing SKALE Network's fundamental ratios, stakeholders can gain valuable insights into SKALE Network's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if SKALE Network 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 SKALE Network has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
SKALE Network is peer-to-peer digital currency powered by the Blockchain technology.| SKALE Network is way too risky over 90 days horizon | |
| SKALE Network has some characteristics of a very speculative cryptocurrency | |
| SKALE Network appears to be risky and price may revert if volatility continues |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SKALE Network. 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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.