Magic Internet Performance
| MIM Crypto | USD 1.00 0.00 0.00% |
The crypto secures a Beta (Market Risk) of 0.0582, which conveys not very significant fluctuations relative to the market. As returns on the market increase, Magic Internet's returns are expected to increase less than the market. However, during the bear market, the loss of holding Magic Internet is expected to be smaller as well.
Risk-Adjusted Performance
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Very Weak
Over the last 90 days Magic Internet Money has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound primary indicators, Magic Internet is not utilizing all of its potentials. The latest stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
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Magic Internet Relative Risk vs. Return Landscape
If you would invest 100.00 in Magic Internet Money on November 4, 2024 and sell it today you would earn a total of 0.00 from holding Magic Internet Money or generate 0.0% return on investment over 90 days. Magic Internet Money is generating 0.0029% of daily returns assuming 0.7645% volatility of returns over the 90 days investment horizon. Simply put, 6% of all crypto coins have less volatile historical return distribution than Magic Internet, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Magic Internet Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Magic Internet's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Magic Internet Money, and traders can use it to determine the average amount a Magic Internet'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 = 0.0038
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| Negative Returns | MIM |
Estimated Market Risk
| 0.76 actual daily | 6 94% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Magic Internet is not performing at its full potential. However, 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 Magic Internet by adding Magic Internet to a well-diversified portfolio.
About Magic Internet Performance
By analyzing Magic Internet's fundamental ratios, stakeholders can gain valuable insights into Magic Internet's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Magic Internet 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 Magic Internet has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Magic Internet Money is peer-to-peer digital currency powered by the Blockchain technology.| Magic Internet Money has some characteristics of a very speculative cryptocurrency |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magic Internet Money. 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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.