XRP Performance
| XRP Crypto | USD 1.95 0.15 8.33% |
The entity maintains a market beta of -0.48, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning XRP are expected to decrease at a much lower rate. During the bear market, XRP is likely to outperform the market.
Risk-Adjusted Performance
24 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in XRP are ranked lower than 24 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, XRP exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
XRP |
XRP Relative Risk vs. Return Landscape
If you would invest 56.00 in XRP on September 1, 2024 and sell it today you would earn a total of 124.00 from holding XRP or generate 221.43% return on investment over 90 days. XRP is generating 2.0041% of daily returns assuming 6.5476% volatility of returns over the 90 days investment horizon. Simply put, 58% of all crypto coins have less volatile historical return distribution than XRP, and 60% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
XRP Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for XRP's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as XRP, and traders can use it to determine the average amount a XRP'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 = 0.3061
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 6.55 actual daily | 58 58% of assets are less volatile |
Expected Return
| 2.0 actual daily | 39 61% of assets have higher returns |
Risk-Adjusted Return
| 0.31 actual daily | 24 76% of assets perform better |
Based on monthly moving average XRP is performing at about 24% 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 XRP by adding it to a well-diversified portfolio.
About XRP Performance
By analyzing XRP's fundamental ratios, stakeholders can gain valuable insights into XRP's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if XRP 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 XRP has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
XRP is peer-to-peer digital currency powered by the Blockchain technology.| XRP is way too risky over 90 days horizon | |
| XRP may become a speculative penny crypto | |
| XRP 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 XRP. 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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.