EGold Performance
| EGLD Crypto | USD 30.14 0.07 0.23% |
The crypto shows a Beta (market volatility) of 0.54, which means possible diversification benefits within a given portfolio. As returns on the market increase, EGold's returns are expected to increase less than the market. However, during the bear market, the loss of holding EGold 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 eGold are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, EGold exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
EGold |
EGold Relative Risk vs. Return Landscape
If you would invest 2,833 in eGold on August 24, 2024 and sell it today you would earn a total of 181.00 from holding eGold or generate 6.39% return on investment over 90 days. eGold is generating 0.2003% of daily returns and assumes 4.5604% volatility on return distribution over the 90 days horizon. Simply put, 40% of crypto coins are less volatile than EGold, and 97% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
EGold Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for EGold's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as eGold, and traders can use it to determine the average amount a EGold'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 = 0.0439
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 4.56 actual daily | 40 60% of assets are more volatile |
Expected Return
| 0.2 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average EGold is performing at about 3% 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 EGold by adding it to a well-diversified portfolio.
About EGold Performance
By analyzing EGold's fundamental ratios, stakeholders can gain valuable insights into EGold's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if EGold 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 EGold has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
eGold is peer-to-peer digital currency powered by the Blockchain technology.| eGold had very high historical volatility over the last 90 days |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in eGold. 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 Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.