MITX Performance
| MITX Crypto | USD 0 0.000009 0.93% |
The crypto secures a Beta (Market Risk) of 3.95, which conveys 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, MITX will likely underperform.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days MITX has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unsteady performance in the last few months, the Crypto's fundamental indicators remain rather sound which may send shares a bit higher in March 2025. The latest tumult may also be a sign of longer-term up-swing for MITX shareholders. ...more
MITX |
MITX Relative Risk vs. Return Landscape
If you would invest 0.35 in MITX on November 9, 2024 and sell it today you would lose (0.25) from holding MITX or give up 72.32% of portfolio value over 90 days. MITX is generating negative expected returns and assumes 10.6289% volatility on return distribution over the 90 days horizon. Simply put, 94% of crypto coins are less volatile than MITX, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
MITX Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for MITX's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as MITX, and traders can use it to determine the average amount a MITX'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 = -0.1265
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | MITX |
Estimated Market Risk
| 10.63 actual daily | 94 94% of assets are less volatile |
Expected Return
| -1.34 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.13 actual daily | 0 Most of other assets perform better |
Based on monthly moving average MITX 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 MITX by adding MITX to a well-diversified portfolio.
About MITX Performance
By analyzing MITX's fundamental ratios, stakeholders can gain valuable insights into MITX's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if MITX 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 MITX has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
MITX is peer-to-peer digital currency powered by the Blockchain technology.| MITX generated a negative expected return over the last 90 days | |
| MITX has high historical volatility and very poor performance | |
| MITX 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 MITX. 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 Stocks Directory module to find actively traded stocks across global markets.