SMART Performance
| SMART Crypto | USD 0.000039 0.000001 2.63% |
The entity owns a Beta (Systematic Risk) of 0.44, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SMART's returns are expected to increase less than the market. However, during the bear market, the loss of holding SMART 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 SMART are ranked lower than 17 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, SMART exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
SMART |
SMART Relative Risk vs. Return Landscape
If you would invest 0.00 in SMART on September 1, 2024 and sell it today you would earn a total of 0.00 from holding SMART or generate 56.52% return on investment over 90 days. SMART is generating 0.7457% of daily returns and assumes 3.3407% volatility on return distribution over the 90 days horizon. Simply put, 29% of crypto coins are less volatile than SMART, and 86% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
SMART Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for SMART's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as SMART, and traders can use it to determine the average amount a SMART'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 = 0.2232
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | SMART | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.34 actual daily | 29 71% of assets are more volatile |
Expected Return
| 0.75 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.22 actual daily | 17 83% of assets perform better |
Based on monthly moving average SMART 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 SMART by adding it to a well-diversified portfolio.
About SMART Performance
By analyzing SMART's fundamental ratios, stakeholders can gain valuable insights into SMART's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if SMART 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 SMART has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
SMART is peer-to-peer digital currency powered by the Blockchain technology.| SMART has some characteristics of a very speculative cryptocurrency | |
| SMART 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 SMART. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in estimate. 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.