Altlayer Performance
| ALT Crypto | USD 0.05 0.0006 1.30% |
The crypto shows a Beta (market volatility) of 1.19, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Altlayer will likely underperform.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Altlayer has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unsteady performance in the last few months, the Crypto's basic indicators remain rather sound which may send shares a bit higher in March 2025. The latest tumult may also be a sign of longer-term up-swing for Altlayer shareholders. ...more
Altlayer |
Altlayer Relative Risk vs. Return Landscape
If you would invest 12.00 in Altlayer on November 9, 2024 and sell it today you would lose (7.33) from holding Altlayer or give up 61.08% of portfolio value over 90 days. Altlayer is producing return of less than zero assuming 8.3617% volatility of returns over the 90 days investment horizon. Simply put, 74% of all crypto coins have less volatile historical return distribution than Altlayer, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Altlayer Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Altlayer's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Altlayer, and traders can use it to determine the average amount a Altlayer'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 = -0.1352
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | ALT |
Estimated Market Risk
| 8.36 actual daily | 74 74% of assets are less volatile |
Expected Return
| -1.13 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.14 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Altlayer is not performing at its full potential. However, 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 Altlayer by adding Altlayer to a well-diversified portfolio.
About Altlayer Performance
By analyzing Altlayer's fundamental ratios, stakeholders can gain valuable insights into Altlayer's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Altlayer 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 Altlayer has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Altlayer is peer-to-peer digital currency powered by the Blockchain technology.| Altlayer generated a negative expected return over the last 90 days | |
| Altlayer has high historical volatility and very poor performance | |
| Altlayer has some characteristics of a very speculative cryptocurrency |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altlayer. 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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.