PRE Performance
| PRE Crypto | USD 0.01 0.0008 6.72% |
The crypto holds a Beta of 1.92, which implies 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, PRE will likely underperform.
Risk-Adjusted Performance
7 of 100
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OK
Compared to the overall equity markets, risk-adjusted returns on investments in PRE are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady technical and fundamental indicators, PRE exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
PRE |
PRE Relative Risk vs. Return Landscape
If you would invest 0.94 in PRE on August 27, 2024 and sell it today you would earn a total of 0.33 from holding PRE or generate 34.43% return on investment over 90 days. PRE is generating 0.7225% of daily returns assuming 7.7827% volatility of returns over the 90 days investment horizon. Simply put, 69% of all crypto coins have less volatile historical return distribution than PRE, and 86% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
PRE Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for PRE's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as PRE, and traders can use it to determine the average amount a PRE'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 = 0.0928
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | PRE | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 7.78 actual daily | 69 69% of assets are less volatile |
Expected Return
| 0.72 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average PRE is performing at about 7% 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 PRE by adding it to a well-diversified portfolio.
About PRE Performance
By analyzing PRE's fundamental ratios, stakeholders can gain valuable insights into PRE's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if PRE 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 PRE has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
PRE is peer-to-peer digital currency powered by the Blockchain technology.| PRE is way too risky over 90 days horizon | |
| PRE has some characteristics of a very speculative cryptocurrency | |
| PRE 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 PRE. 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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.