Wrapped Beacon Performance
| WBETH Crypto | USD 3,910 122.28 3.23% |
The entity maintains a market beta of 0.5, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wrapped Beacon's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wrapped Beacon is expected to be smaller as well.
Risk-Adjusted Performance
14 of 100
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Good
Compared to the overall equity markets, risk-adjusted returns on investments in Wrapped Beacon ETH are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, Wrapped Beacon exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Wrapped |
Wrapped Beacon Relative Risk vs. Return Landscape
If you would invest 254,077 in Wrapped Beacon ETH on September 1, 2024 and sell it today you would earn a total of 127,317 from holding Wrapped Beacon ETH or generate 50.11% return on investment over 90 days. Wrapped Beacon ETH is generating 0.6923% of daily returns and assumes 3.6799% volatility on return distribution over the 90 days horizon. Simply put, 32% of crypto coins are less volatile than Wrapped, and 87% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Wrapped Beacon Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wrapped Beacon's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Wrapped Beacon ETH, and traders can use it to determine the average amount a Wrapped Beacon'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 = 0.1881
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.68 actual daily | 32 68% of assets are more volatile |
Expected Return
| 0.69 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average Wrapped Beacon is performing at about 14% 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 Wrapped Beacon by adding it to a well-diversified portfolio.
About Wrapped Beacon Performance
By analyzing Wrapped Beacon's fundamental ratios, stakeholders can gain valuable insights into Wrapped Beacon's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Wrapped Beacon 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 Wrapped Beacon has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Wrapped Beacon ETH is peer-to-peer digital currency powered by the Blockchain technology.| Wrapped Beacon ETH appears to be risky and price may revert if volatility continues |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wrapped Beacon ETH. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in rate. You can also try the Watchlist Optimization module to optimize watchlists to build efficient portfolios or rebalance existing positions based on the mean-variance optimization algorithm.