ELA Performance
| ELA Crypto | USD 2.20 0.01 0.46% |
The crypto owns a Beta (Systematic Risk) of -0.91, which means possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning ELA are expected to decrease slowly. On the other hand, during market turmoil, ELA is expected to outperform it slightly.
Risk-Adjusted Performance
6 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in ELA are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, ELA exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
ELA |
ELA Relative Risk vs. Return Landscape
If you would invest 177.00 in ELA on August 24, 2024 and sell it today you would earn a total of 43.00 from holding ELA or generate 24.29% return on investment over 90 days. ELA is generating 0.5046% of daily returns assuming 5.9646% volatility of returns over the 90 days investment horizon. Simply put, 53% of all crypto coins have less volatile historical return distribution than ELA, and 90% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
ELA Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ELA's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as ELA, and traders can use it to determine the average amount a ELA'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 = 0.0846
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 5.96 actual daily | 53 53% of assets are less volatile |
Expected Return
| 0.5 actual daily | 9 91% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average ELA is performing at about 6% 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 ELA by adding it to a well-diversified portfolio.
About ELA Performance
By analyzing ELA's fundamental ratios, stakeholders can gain valuable insights into ELA's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if ELA 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 ELA has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
ELA is peer-to-peer digital currency powered by the Blockchain technology.| ELA is way too risky over 90 days horizon | |
| ELA 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 ELA. 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 Manager module to state of the art Portfolio Manager to monitor and improve performance of your invested capital.