REDLANG Performance
| REDLANG Crypto | USD 0 0.000033 2.93% |
The crypto holds a Beta of 0.24, which implies not very significant fluctuations relative to the market. As returns on the market increase, REDLANG's returns are expected to increase less than the market. However, during the bear market, the loss of holding REDLANG is expected to be smaller as well.
Risk-Adjusted Performance
6 of 100
Weak | Strong |
Modest
Compared to the overall equity markets, risk-adjusted returns on investments in REDLANG are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. Despite nearly unsteady essential indicators, REDLANG reported solid returns over the last few months and may actually be approaching a breakup point. ...more
REDLANG |
REDLANG Relative Risk vs. Return Landscape
If you would invest 0.09 in REDLANG on August 23, 2024 and sell it today you would earn a total of 0.02 from holding REDLANG or generate 23.25% return on investment over 90 days. REDLANG is generating 0.4701% of daily returns and assumes 5.4758% volatility on return distribution over the 90 days horizon. Simply put, 48% of crypto coins are less volatile than REDLANG, and 91% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
REDLANG Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for REDLANG's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as REDLANG, and traders can use it to determine the average amount a REDLANG'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 = 0.0858
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 5.48 actual daily | 48 52% of assets are more volatile |
Expected Return
| 0.47 actual daily | 9 91% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average REDLANG is performing at about 6% 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 REDLANG by adding it to a well-diversified portfolio.
About REDLANG Performance
By analyzing REDLANG's fundamental ratios, stakeholders can gain valuable insights into REDLANG's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if REDLANG 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 REDLANG has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
REDLANG is peer-to-peer digital currency powered by the Blockchain technology.| REDLANG had very high historical volatility over the last 90 days | |
| REDLANG has some characteristics of a very speculative cryptocurrency |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in REDLANG. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.