21Shares Polkadot (Germany) Performance
| ADOT Etf | 2.96 0.26 9.63% |
The entity shows a Beta (market volatility) of 0.96, which signifies possible diversification benefits within a given portfolio. 21Shares Polkadot returns are very sensitive to returns on the market. As the market goes up or down, 21Shares Polkadot is expected to follow.
Risk-Adjusted Performance
11 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in 21Shares Polkadot ETP are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, 21Shares Polkadot exhibited 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 174.00 in 21Shares Polkadot ETP on November 2, 2024 and sell it today you would earn a total of 122.00 from holding 21Shares Polkadot ETP or generate 70.11% return on investment over 90 days. 21Shares Polkadot ETP is generating 1.1979% of daily returns and assumes 8.1537% volatility on return distribution over the 90 days horizon. Simply put, 72% of etfs are less volatile than 21Shares, and 77% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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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 = 0.1469
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Estimated Market Risk
| 8.15 actual daily | 72 72% of assets are less volatile |
Expected Return
| 1.2 actual daily | 23 77% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average 21Shares Polkadot 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 21Shares Polkadot by adding it to a well-diversified portfolio.