Coinbase Wrapped Performance
| CBETH Crypto | USD 3,624 14.73 0.40% |
The crypto shows a Beta (market volatility) of 1.22, which signifies 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, Coinbase Wrapped will likely underperform.
Risk-Adjusted Performance
12 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in Coinbase Wrapped Staked are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, Coinbase Wrapped exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Coinbase |
Coinbase Wrapped Relative Risk vs. Return Landscape
If you would invest 264,878 in Coinbase Wrapped Staked on August 24, 2024 and sell it today you would earn a total of 97,542 from holding Coinbase Wrapped Staked or generate 36.83% return on investment over 90 days. Coinbase Wrapped Staked is generating 0.551% of daily returns and assumes 3.5171% volatility on return distribution over the 90 days horizon. Simply put, 31% of crypto coins are less volatile than Coinbase, and 90% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Coinbase Wrapped Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Coinbase Wrapped's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Coinbase Wrapped Staked, and traders can use it to determine the average amount a Coinbase Wrapped'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 = 0.1567
| Best Portfolio | Best Equity | |||
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| Small Returns | CBETH | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.52 actual daily | 31 69% of assets are more volatile |
Expected Return
| 0.55 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average Coinbase Wrapped is performing at about 12% 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 Coinbase Wrapped by adding it to a well-diversified portfolio.
About Coinbase Wrapped Performance
By analyzing Coinbase Wrapped's fundamental ratios, stakeholders can gain valuable insights into Coinbase Wrapped's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Coinbase Wrapped 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 Coinbase Wrapped has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Coinbase Wrapped Staked ETH is peer-to-peer digital currency powered by the Blockchain technology.| Coinbase Wrapped 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 Coinbase Wrapped Staked. 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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.