Polygon Performance
| MATIC Crypto | USD 0.41 0.02 5.13% |
The crypto holds a Beta of -0.42, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning Polygon are expected to decrease at a much lower rate. During the bear market, Polygon is likely to outperform the market.
Risk-Adjusted Performance
8 of 100
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OK
Compared to the overall equity markets, risk-adjusted returns on investments in Polygon are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, Polygon exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Polygon |
Polygon Relative Risk vs. Return Landscape
If you would invest 30.00 in Polygon on November 3, 2024 and sell it today you would earn a total of 11.00 from holding Polygon or generate 36.67% return on investment over 90 days. Polygon is generating 0.7147% of daily returns and assumes 6.818% volatility on return distribution over the 90 days horizon. Simply put, 60% of crypto coins are less volatile than Polygon, and 86% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Polygon Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Polygon's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Polygon, and traders can use it to determine the average amount a Polygon'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 = 0.1048
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 6.82 actual daily | 60 60% of assets are less volatile |
Expected Return
| 0.71 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 8 92% of assets perform better |
Based on monthly moving average Polygon is performing at about 8% 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 Polygon by adding it to a well-diversified portfolio.
About Polygon Performance
By analyzing Polygon's fundamental ratios, stakeholders can gain valuable insights into Polygon's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Polygon 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 Polygon has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Polygon is peer-to-peer digital currency powered by the Blockchain technology.| Polygon is way too risky over 90 days horizon | |
| Polygon has some characteristics of a very speculative cryptocurrency | |
| Polygon appears to be risky and price may revert if volatility continues |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Polygon. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.