Wrapped EETH Performance
| WEETH Crypto | USD 3,839 5.22 0.14% |
The entity maintains a market beta of 1.48, which attests to 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, Wrapped EETH will likely underperform.
Risk-Adjusted Performance
14 of 100
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Good
Compared to the overall equity markets, risk-adjusted returns on investments in Wrapped eETH are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, Wrapped EETH exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Wrapped |
Wrapped EETH Relative Risk vs. Return Landscape
If you would invest 261,856 in Wrapped eETH on August 30, 2024 and sell it today you would earn a total of 122,047 from holding Wrapped eETH or generate 46.61% return on investment over 90 days. Wrapped eETH is generating 0.6661% of daily returns and assumes 3.7097% volatility on return distribution over the 90 days horizon. Simply put, 33% 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 |
| Risk |
Wrapped EETH Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wrapped EETH's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Wrapped eETH, and traders can use it to determine the average amount a Wrapped EETH'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 = 0.1795
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.71 actual daily | 33 67% of assets are more volatile |
Expected Return
| 0.67 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average Wrapped EETH 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 EETH by adding it to a well-diversified portfolio.
About Wrapped EETH Performance
By analyzing Wrapped EETH's fundamental ratios, stakeholders can gain valuable insights into Wrapped EETH's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Wrapped EETH 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 EETH has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Wrapped eETH is peer-to-peer digital currency powered by the Blockchain technology.| Wrapped eETH 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 eETH. 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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.