Frax Financials
| FRAX Crypto | USD 1.12 0.11 10.89% |
Frax |
Please note, the presentation of Frax's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Frax's management is honest, while the outside auditors are strict and uncompromising. Please utilize our Beneish M Score to check the likelihood of Frax's management manipulating its earnings.
Frax Crypto Summary
Frax competes with Frax Share, Staked Ether, EigenLayer, BLZ, and Highstreet. Frax is peer-to-peer digital currency powered by the Blockchain technology.| Exchange Type | CRYPTO Exchanges |
| Exchange | Others |
| Benchmark | Dow Jones Industrial |
| Currency | USD - US Dollar |
Frax Systematic Risk
Frax's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Frax volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Beta measures systematic risk based on how returns on Frax correlated with the market. If Beta is less than 0 Frax generally moves in the opposite direction as compared to the market. If Frax Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Frax is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Frax is generally in the same direction as the market. If Beta > 1 Frax moves generally in the same direction as, but more than the movement of the benchmark.
Frax November 28, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Frax help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Frax. We use our internally-developed statistical techniques to arrive at the intrinsic value of Frax based on widely used predictive technical indicators. In general, we focus on analyzing Frax Crypto Coin price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Frax's daily price indicators and compare them against related drivers.
| Downside Deviation | 2.68 | |||
| Information Ratio | 0.0354 | |||
| Maximum Drawdown | 13.24 | |||
| Value At Risk | (3.26) | |||
| Potential Upside | 4.12 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Frax. 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 Correlation Analysis module to reduce portfolio risk simply by holding instruments which are not perfectly correlated.