Wormhole Performance
| W Crypto | USD 0.24 0.02 9.09% |
The entity maintains a market beta of 0.45, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Wormhole's returns are expected to increase less than the market. However, during the bear market, the loss of holding Wormhole is expected to be smaller as well.
Risk-Adjusted Performance
3 of 100
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Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Wormhole are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, Wormhole exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Wormhole |
Wormhole Relative Risk vs. Return Landscape
If you would invest 23.00 in Wormhole on August 25, 2024 and sell it today you would earn a total of 1.00 from holding Wormhole or generate 4.35% return on investment over 90 days. Wormhole is currently generating 0.2353% in daily expected returns and assumes 5.9593% risk (volatility on return distribution) over the 90 days horizon. In different words, 53% of crypto coins are less volatile than Wormhole, and 96% of all traded equity instruments are projected to make higher returns than the company over the 90 days investment horizon. Expected Return |
| Risk |
Wormhole Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wormhole's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Wormhole, and traders can use it to determine the average amount a Wormhole'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 = 0.0395
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Estimated Market Risk
| 5.96 actual daily | 53 53% of assets are less volatile |
Expected Return
| 0.24 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Wormhole is performing at about 3% 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 Wormhole by adding it to a well-diversified portfolio.
About Wormhole Performance
By analyzing Wormhole's fundamental ratios, stakeholders can gain valuable insights into Wormhole's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Wormhole 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 Wormhole has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Wormhole is peer-to-peer digital currency powered by the Blockchain technology.| Wormhole had very high historical volatility over the last 90 days | |
| Wormhole has some characteristics of a very speculative cryptocurrency |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wormhole. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.