OKT Chain Performance
| OKT Crypto | USD 12.47 0.16 1.27% |
The crypto holds a Beta of -0.34, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning OKT Chain are expected to decrease at a much lower rate. During the bear market, OKT Chain is likely to outperform the market.
Risk-Adjusted Performance
11 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in OKT Chain are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, OKT Chain exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
OKT |
OKT Chain Relative Risk vs. Return Landscape
If you would invest 683.00 in OKT Chain on August 27, 2024 and sell it today you would earn a total of 564.00 from holding OKT Chain or generate 82.58% return on investment over 90 days. OKT Chain is generating 1.3059% of daily returns assuming 9.2492% volatility of returns over the 90 days investment horizon. Simply put, 82% of all crypto coins have less volatile historical return distribution than OKT Chain, and 74% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
OKT Chain Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for OKT Chain's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as OKT Chain, and traders can use it to determine the average amount a OKT Chain'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 = 0.1412
| Best Portfolio | Best Equity | |||
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| Average Returns | OKT | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 9.25 actual daily | 82 82% of assets are less volatile |
Expected Return
| 1.31 actual daily | 26 74% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average OKT Chain 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 OKT Chain by adding it to a well-diversified portfolio.
About OKT Chain Performance
By analyzing OKT Chain's fundamental ratios, stakeholders can gain valuable insights into OKT Chain's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if OKT Chain 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 OKT Chain has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
OKT Chain is peer-to-peer digital currency powered by the Blockchain technology.| OKT Chain is way too risky over 90 days horizon | |
| OKT Chain appears to be risky and price may revert if volatility continues |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OKT Chain. 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 Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..