Frax Share Performance
| FXS Crypto | USD 2.64 0.18 7.32% |
The crypto shows a Beta (market volatility) of 1.29, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Frax Share will likely underperform.
Risk-Adjusted Performance
9 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in Frax Share are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, Frax Share exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Frax |
Frax Share Relative Risk vs. Return Landscape
If you would invest 193.00 in Frax Share on August 27, 2024 and sell it today you would earn a total of 71.00 from holding Frax Share or generate 36.79% return on investment over 90 days. Frax Share is generating 0.5886% of daily returns assuming 4.6579% volatility of returns over the 90 days investment horizon. Simply put, 41% of all crypto coins have less volatile historical return distribution than Frax Share, and 89% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Frax Share Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Frax Share's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Frax Share, and traders can use it to determine the average amount a Frax Share'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 = 0.1264
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 4.66 actual daily | 41 59% of assets are more volatile |
Expected Return
| 0.59 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 9 91% of assets perform better |
Based on monthly moving average Frax Share is performing at about 9% 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 Share by adding it to a well-diversified portfolio.
About Frax Share Performance
By analyzing Frax Share's fundamental ratios, stakeholders can gain valuable insights into Frax Share's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Frax Share 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 Share has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Frax Share is peer-to-peer digital currency powered by the Blockchain technology.| Frax Share 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 Frax Share. 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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.