Pyth Network Performance
| PYTH Crypto | USD 0.42 0.01 2.44% |
The crypto holds a Beta of 0.0245, which implies not very significant fluctuations relative to the market. As returns on the market increase, Pyth Network's returns are expected to increase less than the market. However, during the bear market, the loss of holding Pyth Network is expected to be smaller as well.
Risk-Adjusted Performance
11 of 100
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Good
Compared to the overall equity markets, risk-adjusted returns on investments in Pyth Network are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, Pyth Network exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Pyth |
Pyth Network Relative Risk vs. Return Landscape
If you would invest 28.00 in Pyth Network on August 27, 2024 and sell it today you would earn a total of 14.00 from holding Pyth Network or generate 50.0% return on investment over 90 days. Pyth Network is generating 0.7588% of daily returns and assumes 5.2188% volatility on return distribution over the 90 days horizon. Simply put, 46% of crypto coins are less volatile than Pyth, and 85% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Pyth Network Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Pyth Network's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Pyth Network, and traders can use it to determine the average amount a Pyth Network'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 = 0.1454
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 5.22 actual daily | 46 54% of assets are more volatile |
Expected Return
| 0.76 actual daily | 15 85% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Pyth Network is performing at about 11% 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 Pyth Network by adding it to a well-diversified portfolio.
About Pyth Network Performance
By analyzing Pyth Network's fundamental ratios, stakeholders can gain valuable insights into Pyth Network's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Pyth Network 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 Pyth Network has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Pyth Network is peer-to-peer digital currency powered by the Blockchain technology.| Pyth Network is way too risky over 90 days horizon | |
| Pyth Network has some characteristics of a very speculative cryptocurrency | |
| Pyth Network 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 Pyth Network. 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 Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.