Frax Performance
| FRAX Crypto | USD 1.12 0.11 10.89% |
The crypto shows a Beta (market volatility) of -0.11, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Frax are expected to decrease at a much lower rate. During the bear market, Frax is likely to outperform the market.
Risk-Adjusted Performance
6 of 100
Weak | Strong |
Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Frax are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, Frax exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Frax |
Frax Relative Risk vs. Return Landscape
If you would invest 98.00 in Frax on August 30, 2024 and sell it today you would earn a total of 14.00 from holding Frax or generate 14.29% return on investment over 90 days. Frax is generating 0.2438% of daily returns and assumes 2.8242% volatility on return distribution over the 90 days horizon. Simply put, 25% of crypto coins are less volatile than Frax, and 96% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Frax Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Frax's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Frax, and traders can use it to determine the average amount a Frax'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 = 0.0863
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 2.82 actual daily | 25 75% of assets are more volatile |
Expected Return
| 0.24 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average Frax 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 Frax by adding it to a well-diversified portfolio.
About Frax Performance
By analyzing Frax's fundamental ratios, stakeholders can gain valuable insights into Frax's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Frax 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 Frax has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Frax is peer-to-peer digital currency powered by the Blockchain technology.| Frax may become a speculative penny crypto |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Frax. 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 Economic Indicators module to top statistical indicators that provide insights into how an economy is performing.