HIT Performance
| HIT Crypto | USD 0.000004 0.000001 33.33% |
The crypto retains a Market Volatility (i.e., Beta) of 2.09, which attests to 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, HIT will likely underperform.
Risk-Adjusted Performance
10 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in HIT are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, HIT exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
HIT |
HIT Relative Risk vs. Return Landscape
If you would invest 0.00 in HIT on August 24, 2024 and sell it today you would earn a total of 0.00 from holding HIT or generate 100.0% return on investment over 90 days. HIT is generating 2.0833% of daily returns assuming 14.9956% volatility of returns over the 90 days investment horizon. Simply put, majority of traded equity instruments are less risky than HIT on the basis of their historical return distribution, and most equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
HIT Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for HIT's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as HIT, and traders can use it to determine the average amount a HIT'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 = 0.1389
| Best Portfolio | Best Equity | |||
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| Average Returns | HIT | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 15.0 actual daily | 96 96% of assets are less volatile |
Expected Return
| 2.08 actual daily | 41 59% of assets have higher returns |
Risk-Adjusted Return
| 0.14 actual daily | 10 90% of assets perform better |
Based on monthly moving average HIT is performing at about 10% 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 HIT by adding it to a well-diversified portfolio.
About HIT Performance
By analyzing HIT's fundamental ratios, stakeholders can gain valuable insights into HIT's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if HIT 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 HIT has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
HIT is peer-to-peer digital currency powered by the Blockchain technology.| HIT is way too risky over 90 days horizon | |
| HIT has some characteristics of a very speculative cryptocurrency | |
| HIT appears to be risky and price may revert if volatility continues |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in HIT. 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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.