Memecoin Performance
| MEME Crypto | USD 0.02 0.0009 5.92% |
The crypto secures a Beta (Market Risk) of 1.86, which conveys 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, Memecoin will likely underperform.
Risk-Adjusted Performance
11 of 100
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Good
Compared to the overall equity markets, risk-adjusted returns on investments in Memecoin are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, Memecoin exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Memecoin |
Memecoin Relative Risk vs. Return Landscape
If you would invest 0.93 in Memecoin on September 3, 2024 and sell it today you would earn a total of 0.68 from holding Memecoin or generate 72.71% return on investment over 90 days. Memecoin is generating 1.1186% of daily returns and assumes 7.694% volatility on return distribution over the 90 days horizon. Simply put, 68% of crypto coins are less volatile than Memecoin, and 78% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Memecoin Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Memecoin's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Memecoin, and traders can use it to determine the average amount a Memecoin'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 = 0.1454
| Best Portfolio | Best Equity | |||
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| Small Returns | MEME | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 7.69 actual daily | 68 68% of assets are less volatile |
Expected Return
| 1.12 actual daily | 22 78% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Memecoin is performing at about 11% 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 Memecoin by adding it to a well-diversified portfolio.
About Memecoin Performance
By analyzing Memecoin's fundamental ratios, stakeholders can gain valuable insights into Memecoin's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Memecoin 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 Memecoin has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Memecoin is peer-to-peer digital currency powered by the Blockchain technology.| Memecoin is way too risky over 90 days horizon | |
| Memecoin has some characteristics of a very speculative cryptocurrency | |
| Memecoin appears to be risky and price may revert if volatility continues |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Memecoin. 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 Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.