NANO Performance
| NANO Crypto | USD 1.07 0.01 0.94% |
The entity secures a Beta (Market Risk) of 0.0841, which conveys not very significant fluctuations relative to the market. As returns on the market increase, NANO's returns are expected to increase less than the market. However, during the bear market, the loss of holding NANO is expected to be smaller as well.
Risk-Adjusted Performance
7 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in NANO are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, NANO exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
NANO |
NANO Relative Risk vs. Return Landscape
If you would invest 88.00 in NANO on August 25, 2024 and sell it today you would earn a total of 19.00 from holding NANO or generate 21.59% return on investment over 90 days. NANO is generating 0.3708% of daily returns and assumes 3.7691% volatility on return distribution over the 90 days horizon. Simply put, 33% of crypto coins are less volatile than NANO, and 93% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
NANO Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NANO's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as NANO, and traders can use it to determine the average amount a NANO'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 = 0.0984
| Best Portfolio | Best Equity | |||
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| Small Returns | NANO | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 3.77 actual daily | 33 67% of assets are more volatile |
Expected Return
| 0.37 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average NANO is performing at about 7% 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 NANO by adding it to a well-diversified portfolio.
About NANO Performance
By analyzing NANO's fundamental ratios, stakeholders can gain valuable insights into NANO's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if NANO 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 NANO has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
NANO is peer-to-peer digital currency powered by the Blockchain technology.| NANO has some characteristics of a very speculative cryptocurrency | |
| NANO had very high historical volatility over the last 90 days |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NANO. 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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..