BOX Performance
| BOX Crypto | USD 0.0002 0.000002 1.01% |
The crypto shows a Beta (market volatility) of -9.22, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning BOX are expected to decrease by larger amounts. On the other hand, during market turmoil, BOX is expected to outperform it.
Risk-Adjusted Performance
6 of 100
Weak | Strong |
Modest
Compared to the overall equity markets, risk-adjusted returns on investments in BOX are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, BOX exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
BOX |
BOX Relative Risk vs. Return Landscape
If you would invest 0.02 in BOX on August 27, 2024 and sell it today you would earn a total of 0.00 from holding BOX or generate 10.73% return on investment over 90 days. BOX is generating 3.5832% of daily returns assuming 40.7474% volatility of returns over the 90 days investment horizon. Simply put, majority of traded equity instruments are less risky than BOX on the basis of their historical return distribution, and most equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
BOX Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for BOX's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as BOX, and traders can use it to determine the average amount a BOX'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 = 0.0879
| Best Portfolio | Best Equity | |||
| Good Returns | BOX | |||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 40.75 actual daily | 96 96% of assets are less volatile |
Expected Return
| 3.58 actual daily | 71 71% of assets have lower returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average BOX is performing at about 6% 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 BOX by adding it to a well-diversified portfolio.
About BOX Performance
By analyzing BOX's fundamental ratios, stakeholders can gain valuable insights into BOX's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if BOX 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 BOX has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
BOX is peer-to-peer digital currency powered by the Blockchain technology.| BOX is way too risky over 90 days horizon | |
| BOX has some characteristics of a very speculative cryptocurrency | |
| BOX appears to be risky and price may revert if volatility continues |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in BOX. 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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.