Secret Performance
| SCRT Crypto | USD 0.52 0.04 7.14% |
The entity has a beta of 1.1, which indicates a somewhat significant risk relative to the market. Secret returns are very sensitive to returns on the market. As the market goes up or down, Secret is expected to follow.
Risk-Adjusted Performance
14 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Secret are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, Secret exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Secret |
Secret Relative Risk vs. Return Landscape
If you would invest 21.00 in Secret on August 27, 2024 and sell it today you would earn a total of 31.00 from holding Secret or generate 147.62% return on investment over 90 days. Secret is generating 1.7732% of daily returns and assumes 9.7588% volatility on return distribution over the 90 days horizon. Simply put, 86% of crypto coins are less volatile than Secret, and 65% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Secret Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Secret's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Secret, and traders can use it to determine the average amount a Secret'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 = 0.1817
| Best Portfolio | Best Equity | |||
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| Average Returns | SCRT | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 9.76 actual daily | 86 86% of assets are less volatile |
Expected Return
| 1.77 actual daily | 35 65% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average Secret is performing at about 14% 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 Secret by adding it to a well-diversified portfolio.
About Secret Performance
By analyzing Secret's fundamental ratios, stakeholders can gain valuable insights into Secret's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Secret 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 Secret has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Secret is peer-to-peer digital currency powered by the Blockchain technology.| Secret is way too risky over 90 days horizon | |
| Secret has some characteristics of a very speculative cryptocurrency | |
| Secret appears to be risky and price may revert if volatility continues |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Secret. 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 Equity Search module to search for actively traded equities including funds and ETFs from over 30 global markets.