Immutable Performance
| IMX Crypto | USD 1.75 0.01 0.57% |
The crypto retains a Market Volatility (i.e., Beta) of 1.94, 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, Immutable will likely underperform.
Risk-Adjusted Performance
7 of 100
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OK
Compared to the overall equity markets, risk-adjusted returns on investments in Immutable X are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, Immutable exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Immutable |
Immutable Relative Risk vs. Return Landscape
If you would invest 136.00 in Immutable X on August 30, 2024 and sell it today you would earn a total of 39.00 from holding Immutable X or generate 28.68% return on investment over 90 days. Immutable X is generating 0.5604% of daily returns assuming 5.8733% volatility of returns over the 90 days investment horizon. Simply put, 52% of all crypto coins have less volatile historical return distribution than Immutable, and 89% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Immutable Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Immutable's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Immutable X, and traders can use it to determine the average amount a Immutable'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 = 0.0954
| Best Portfolio | Best Equity | |||
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| Small Returns | IMX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 5.87 actual daily | 52 52% of assets are less volatile |
Expected Return
| 0.56 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Immutable is performing at about 7% 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 Immutable by adding it to a well-diversified portfolio.
About Immutable Performance
By analyzing Immutable's fundamental ratios, stakeholders can gain valuable insights into Immutable's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Immutable 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 Immutable has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Immutable X is peer-to-peer digital currency powered by the Blockchain technology.| Immutable X is way too risky over 90 days horizon | |
| Immutable X may become a speculative penny crypto | |
| Immutable X 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 Immutable X. 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.