SNET Performance
| SNET Crypto | USD 0 0.001 115.31% |
The entity has a beta of -0.68, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning SNET are expected to decrease at a much lower rate. During the bear market, SNET is likely to outperform the market.
Risk-Adjusted Performance
7 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in SNET are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, SNET exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
SNET |
SNET Relative Risk vs. Return Landscape
If you would invest 0.13 in SNET on August 30, 2024 and sell it today you would earn a total of 0.05 from holding SNET or generate 37.69% return on investment over 90 days. SNET is generating 1.5209% of daily returns and assumes 17.1096% volatility on return distribution over the 90 days horizon. Simply put, majority of traded equity instruments are less risky than SNET 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 |
SNET Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for SNET's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as SNET, and traders can use it to determine the average amount a SNET'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 = 0.0889
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | SNET | |||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 17.11 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.52 actual daily | 30 70% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average SNET is performing at about 7% 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 SNET by adding it to a well-diversified portfolio.
About SNET Performance
By analyzing SNET's fundamental ratios, stakeholders can gain valuable insights into SNET's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if SNET 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 SNET has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
SNET is peer-to-peer digital currency powered by the Blockchain technology.| SNET is way too risky over 90 days horizon | |
| SNET has some characteristics of a very speculative cryptocurrency | |
| SNET 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 SNET. 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 File Import module to quickly import all of your third-party portfolios from your local drive in csv format.