CVNT Performance
| CVNT Crypto | USD 0.20 0.01 4.76% |
The crypto shows a Beta (market volatility) of 0.71, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, CVNT's returns are expected to increase less than the market. However, during the bear market, the loss of holding CVNT is expected to be smaller as well.
Risk-Adjusted Performance
16 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in CVNT are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, CVNT exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
CVNT |
CVNT Relative Risk vs. Return Landscape
If you would invest 12.00 in CVNT on August 27, 2024 and sell it today you would earn a total of 8.00 from holding CVNT or generate 66.67% return on investment over 90 days. CVNT is generating 0.8705% of daily returns and assumes 4.1285% volatility on return distribution over the 90 days horizon. Simply put, 36% of crypto coins are less volatile than CVNT, and 83% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
CVNT Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for CVNT's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as CVNT, and traders can use it to determine the average amount a CVNT'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 = 0.2109
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 4.13 actual daily | 36 64% of assets are more volatile |
Expected Return
| 0.87 actual daily | 17 83% of assets have higher returns |
Risk-Adjusted Return
| 0.21 actual daily | 16 84% of assets perform better |
Based on monthly moving average CVNT is performing at about 16% 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 CVNT by adding it to a well-diversified portfolio.
About CVNT Performance
By analyzing CVNT's fundamental ratios, stakeholders can gain valuable insights into CVNT's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if CVNT 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 CVNT has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
CVNT is peer-to-peer digital currency powered by the Blockchain technology.| CVNT has some characteristics of a very speculative cryptocurrency | |
| CVNT appears to be risky and price may revert if volatility continues |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CVNT. 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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.