Conflux Network Performance
| CFX Crypto | USD 0.16 0.02 14.29% |
The crypto shows a Beta (market volatility) of -0.1, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Conflux Network are expected to decrease at a much lower rate. During the bear market, Conflux Network is likely to outperform the market.
Risk-Adjusted Performance
5 of 100
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Weak
Compared to the overall equity markets, risk-adjusted returns on investments in Conflux Network are ranked lower than 5 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, Conflux Network exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
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Conflux Network Relative Risk vs. Return Landscape
If you would invest 14.00 in Conflux Network on August 24, 2024 and sell it today you would earn a total of 2.00 from holding Conflux Network or generate 14.29% return on investment over 90 days. Conflux Network is generating 0.3715% of daily returns assuming 5.7774% volatility of returns over the 90 days investment horizon. Simply put, 51% of all crypto coins have less volatile historical return distribution than Conflux Network, and 93% 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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Conflux Network Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Conflux Network's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Conflux Network, and traders can use it to determine the average amount a Conflux Network'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 = 0.0643
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Estimated Market Risk
| 5.78 actual daily | 51 51% of assets are less volatile |
Expected Return
| 0.37 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 5 95% of assets perform better |
Based on monthly moving average Conflux Network is performing at about 5% 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 Conflux Network by adding it to a well-diversified portfolio.
About Conflux Network Performance
By analyzing Conflux Network's fundamental ratios, stakeholders can gain valuable insights into Conflux Network's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Conflux Network 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 Conflux Network has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Conflux Network is peer-to-peer digital currency powered by the Blockchain technology.| Conflux Network had very high historical volatility over the last 90 days | |
| Conflux Network 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 Conflux Network. 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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.