NAV Performance
| NAV Crypto | USD 0.03 0.0004 1.39% |
The entity secures a Beta (Market Risk) of 0.83, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NAV's returns are expected to increase less than the market. However, during the bear market, the loss of holding NAV is expected to be smaller as well.
Risk-Adjusted Performance
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Over the last 90 days NAV 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 basic indicators remain rather sound which may send shares a bit higher in December 2024. The latest tumult may also be a sign of longer-term up-swing for NAV shareholders. ...more
NAV |
NAV Relative Risk vs. Return Landscape
If you would invest 3.94 in NAV on August 27, 2024 and sell it today you would lose (1.10) from holding NAV or give up 27.92% of portfolio value over 90 days. NAV is producing return of less than zero assuming 3.8686% volatility of returns over the 90 days investment horizon. Simply put, 34% of all crypto coins have less volatile historical return distribution than NAV, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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NAV Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NAV's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as NAV, and traders can use it to determine the average amount a NAV'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 = -0.1112
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| Negative Returns | NAV |
Estimated Market Risk
| 3.87 actual daily | 34 66% of assets are more volatile |
Expected Return
| -0.43 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.11 actual daily | 0 Most of other assets perform better |
Based on monthly moving average NAV 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 NAV by adding NAV to a well-diversified portfolio.
About NAV Performance
By analyzing NAV's fundamental ratios, stakeholders can gain valuable insights into NAV's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if NAV 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 NAV has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
NAV is peer-to-peer digital currency powered by the Blockchain technology.| NAV generated a negative expected return over the last 90 days | |
| NAV has some characteristics of a very speculative cryptocurrency | |
| NAV has high historical volatility and very poor performance |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in NAV. 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 Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.