Ontology Gas Performance
| ONGAS Crypto | USD 0.38 0.02 5.56% |
The crypto holds a Beta of 0.015, which implies not very significant fluctuations relative to the market. As returns on the market increase, Ontology Gas' returns are expected to increase less than the market. However, during the bear market, the loss of holding Ontology Gas is expected to be smaller as well.
Risk-Adjusted Performance
8 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in Ontology Gas are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, Ontology Gas exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Ontology |
Ontology Gas Relative Risk vs. Return Landscape
If you would invest 29.00 in Ontology Gas on August 27, 2024 and sell it today you would earn a total of 9.00 from holding Ontology Gas or generate 31.03% return on investment over 90 days. Ontology Gas is generating 0.5265% of daily returns and assumes 4.7532% volatility on return distribution over the 90 days horizon. Simply put, 42% of crypto coins are less volatile than Ontology, and 90% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Ontology Gas Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ontology Gas' investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Ontology Gas, and traders can use it to determine the average amount a Ontology Gas' 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 = 0.1108
| Best Portfolio | Best Equity | |||
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| Small Returns | ONGAS | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 4.75 actual daily | 42 58% of assets are more volatile |
Expected Return
| 0.53 actual daily | 10 90% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Ontology Gas 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 Ontology Gas by adding it to a well-diversified portfolio.
About Ontology Gas Performance
By analyzing Ontology Gas' fundamental ratios, stakeholders can gain valuable insights into Ontology Gas' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Ontology Gas 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 Ontology Gas has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Ontology Gas is peer-to-peer digital currency powered by the Blockchain technology.| Ontology Gas has some characteristics of a very speculative cryptocurrency | |
| Ontology Gas appears to be risky and price may revert if volatility continues |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Ontology Gas. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in state. You can also try the Stocks Directory module to find actively traded stocks across global markets.