Chroma Performance
| CHR Crypto | USD 0.22 0.01 4.76% |
The crypto shows a Beta (market volatility) of 0.16, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Chroma's returns are expected to increase less than the market. However, during the bear market, the loss of holding Chroma is expected to be smaller as well.
Risk-Adjusted Performance
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Very Weak
Compared to the overall equity markets, risk-adjusted returns on investments in Chroma are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, Chroma exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Chroma |
Chroma Relative Risk vs. Return Landscape
If you would invest 20.00 in Chroma on August 24, 2024 and sell it today you would earn a total of 2.00 from holding Chroma or generate 10.0% return on investment over 90 days. Chroma is generating 0.3322% of daily returns assuming 5.9794% volatility of returns over the 90 days investment horizon. Simply put, 53% of all crypto coins have less volatile historical return distribution than Chroma, and 94% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Chroma Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Chroma's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Chroma, and traders can use it to determine the average amount a Chroma'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 = 0.0556
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 5.98 actual daily | 53 53% of assets are less volatile |
Expected Return
| 0.33 actual daily | 6 94% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Chroma is performing at about 4% 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 Chroma by adding it to a well-diversified portfolio.
About Chroma Performance
By analyzing Chroma's fundamental ratios, stakeholders can gain valuable insights into Chroma's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Chroma 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 Chroma has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Chroma is peer-to-peer digital currency powered by the Blockchain technology.| Chroma had very high historical volatility over the last 90 days | |
| Chroma 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 Chroma. 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 Portfolio Dashboard module to portfolio dashboard that provides centralized access to all your investments.