21Shares Polkadot (France) Performance
| ADOT Etf | 2.79 0.02 0.72% |
The entity shows a Beta (market volatility) of -0.21, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning 21Shares Polkadot are expected to decrease at a much lower rate. During the bear market, 21Shares Polkadot is likely to outperform the market.
Risk-Adjusted Performance
10 of 100
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OK
Compared to the overall equity markets, risk-adjusted returns on investments in 21Shares Polkadot ETP are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. Despite somewhat weak basic indicators, 21Shares Polkadot sustained solid returns over the last few months and may actually be approaching a breakup point. ...more
21Shares |
21Shares Polkadot Relative Risk vs. Return Landscape
If you would invest 204.00 in 21Shares Polkadot ETP on August 27, 2024 and sell it today you would earn a total of 75.00 from holding 21Shares Polkadot ETP or generate 36.76% return on investment over 90 days. 21Shares Polkadot ETP is generating 0.5887% of daily returns and assumes 4.5929% volatility on return distribution over the 90 days horizon. Simply put, 40% of etfs are less volatile than 21Shares, and 89% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
21Shares Polkadot Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for 21Shares Polkadot's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as 21Shares Polkadot ETP, and traders can use it to determine the average amount a 21Shares Polkadot'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 = 0.1282
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Estimated Market Risk
| 4.59 actual daily | 40 60% of assets are more volatile |
Expected Return
| 0.59 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average 21Shares Polkadot is performing at about 10% 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 21Shares Polkadot by adding it to a well-diversified portfolio.
| 21Shares Polkadot appears to be risky and price may revert if volatility continues |