EOSDAC Performance
| EOSDAC Crypto | USD 0.0003 0.00002 6.54% |
The crypto shows a Beta (market volatility) of -0.43, which means possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning EOSDAC are expected to decrease at a much lower rate. During the bear market, EOSDAC is likely to outperform the market.
Risk-Adjusted Performance
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Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in EOSDAC are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Despite somewhat unsteady basic indicators, EOSDAC sustained solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | How Long Will the Trump Crypto Boom Last - The New Yorker | 12/09/2024 |
2 | Hong Kong approves four more cryptocurrency exchanges - Reuters | 12/18/2024 |
3 | XRP Price Surges Past 3. These 3 Factors Are Turbocharging the Crypto. - Barrons | 01/16/2025 |
EOSDAC |
EOSDAC Relative Risk vs. Return Landscape
If you would invest 0.03 in EOSDAC on November 2, 2024 and sell it today you would earn a total of 0.00 from holding EOSDAC or generate 9.03% return on investment over 90 days. EOSDAC is generating 0.3731% of daily returns and assumes 6.9497% volatility on return distribution over the 90 days horizon. Simply put, 61% of crypto coins are less volatile than EOSDAC, and 93% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
EOSDAC Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for EOSDAC's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as EOSDAC, and traders can use it to determine the average amount a EOSDAC'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 = 0.0537
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 6.95 actual daily | 61 61% of assets are less volatile |
Expected Return
| 0.37 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.05 actual daily | 4 96% of assets perform better |
Based on monthly moving average EOSDAC 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 EOSDAC by adding it to a well-diversified portfolio.
About EOSDAC Performance
By analyzing EOSDAC's fundamental ratios, stakeholders can gain valuable insights into EOSDAC's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if EOSDAC 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 EOSDAC has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
EOSDAC is peer-to-peer digital currency powered by the Blockchain technology.| EOSDAC had very high historical volatility over the last 90 days | |
| EOSDAC has some characteristics of a very speculative cryptocurrency | |
| Latest headline from news.google.com: XRP Price Surges Past 3. These 3 Factors Are Turbocharging the Crypto. - Barrons |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EOSDAC. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.