21Shares Algorand (France) Buy Hold or Sell Recommendation
| ALGO Etf | 2.89 0.11 3.96% |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding 21Shares Algorand ETP is 'Strong Sell'. Macroaxis provides 21Shares Algorand buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding ALGO positions.
Check out Trending Equities to better understand how to build diversified portfolios. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors. Note, we conduct extensive research on individual funds such as 21Shares and provide practical buy, sell, or hold recommendation based on investors' investing horizon and their risk tolerance towards 21Shares Algorand ETP. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
21Shares |
Execute 21Shares Algorand Buy or Sell Advice
The 21Shares recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on 21Shares Algorand ETP. Macroaxis does not own or have any residual interests in 21Shares Algorand ETP or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute 21Shares Algorand's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Strong Sell
Market Performance | Good | Details | |
Volatility | Extremely Dangerous | Details | |
Hype Condition | Stale | Details | |
Current Valuation | Overvalued | Details | |
Economic Sensitivity | Moves indifferently to market moves | Details |
21Shares Algorand Trading Alerts and Improvement Suggestions
| 21Shares Algorand is way too risky over 90 days horizon | |
| 21Shares Algorand appears to be risky and price may revert if volatility continues |
21Shares Algorand Returns Distribution Density
The distribution of 21Shares Algorand's historical returns is an attempt to chart the uncertainty of 21Shares Algorand's future price movements. The chart of the probability distribution of 21Shares Algorand daily returns describes the distribution of returns around its average expected value. We use 21Shares Algorand ETP price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of 21Shares Algorand returns is essential to provide solid investment advice for 21Shares Algorand.
| Mean Return | 1.33 | Value At Risk | -4.39 | Potential Upside | 8.18 | Standard Deviation | 8.38 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of 21Shares Algorand historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
21Shares Algorand Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to 21Shares Algorand or 21Shares sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that 21Shares Algorand's price will be affected by overall etf market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a 21Shares etf's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over Dow Jones | 1.33 | |
β | Beta against Dow Jones | -0.11 | |
σ | Overall volatility | 8.57 | |
Ir | Information ratio | 0.14 |
21Shares Algorand Volatility Alert
21Shares Algorand ETP is displaying above-average volatility over the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure 21Shares Algorand's etf risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact 21Shares Algorand's etf price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.21Shares Algorand Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as 21Shares . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
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In addition to having 21Shares Algorand in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Companies involved in mining, production, and distribution of silver and silver goods. The Silver theme has 41 constituents at this time.
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