Decred Performance
| DCR Crypto | USD 16.05 0.91 6.01% |
The crypto shows a Beta (market volatility) of 0.51, which means possible diversification benefits within a given portfolio. As returns on the market increase, Decred's returns are expected to increase less than the market. However, during the bear market, the loss of holding Decred is expected to be smaller as well.
Risk-Adjusted Performance
13 of 100
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Good
Compared to the overall equity markets, risk-adjusted returns on investments in Decred are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, Decred exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Decred |
Decred Relative Risk vs. Return Landscape
If you would invest 1,107 in Decred on August 28, 2024 and sell it today you would earn a total of 498.00 from holding Decred or generate 44.99% return on investment over 90 days. Decred is generating 0.6385% of daily returns assuming 3.6783% volatility of returns over the 90 days investment horizon. Simply put, 32% of all crypto coins have less volatile historical return distribution than Decred, and 88% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Decred Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Decred's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Decred, and traders can use it to determine the average amount a Decred'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 = 0.1736
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.68 actual daily | 32 68% of assets are more volatile |
Expected Return
| 0.64 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average Decred is performing at about 13% 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 Decred by adding it to a well-diversified portfolio.
About Decred Performance
By analyzing Decred's fundamental ratios, stakeholders can gain valuable insights into Decred's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Decred 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 Decred has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Decred is peer-to-peer digital currency powered by the Blockchain technology.| Decred appears to be risky and price may revert if volatility continues |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Decred. 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.