Wrapped EETH Performance
| WEETH Crypto | USD 2,850 37.07 1.28% |
The entity maintains a market beta of 0.98, which attests to possible diversification benefits within a given portfolio. Wrapped EETH returns are very sensitive to returns on the market. As the market goes up or down, Wrapped EETH is expected to follow.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Wrapped eETH has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest unsteady performance, the Crypto's fundamental indicators remain sound and the latest tumult on Wall Street may also be a sign of longer-term gains for Wrapped eETH shareholders. ...more
Wrapped |
Wrapped EETH Relative Risk vs. Return Landscape
If you would invest 326,148 in Wrapped eETH on November 18, 2024 and sell it today you would lose (41,169) from holding Wrapped eETH or give up 12.62% of portfolio value over 90 days. Wrapped eETH is generating negative expected returns and assumes 4.2793% volatility on return distribution over the 90 days horizon. Simply put, 38% of crypto coins are less volatile than Wrapped, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Wrapped EETH Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Wrapped EETH's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Wrapped eETH, and traders can use it to determine the average amount a Wrapped EETH'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 = -0.0273
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | WEETH |
Estimated Market Risk
| 4.28 actual daily | 38 62% of assets are more volatile |
Expected Return
| -0.12 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.03 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Wrapped EETH 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 Wrapped EETH by adding Wrapped EETH to a well-diversified portfolio.
About Wrapped EETH Performance
By analyzing Wrapped EETH's fundamental ratios, stakeholders can gain valuable insights into Wrapped EETH's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Wrapped EETH 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 Wrapped EETH has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Wrapped eETH is peer-to-peer digital currency powered by the Blockchain technology.| Wrapped eETH generated a negative expected return over the last 90 days | |
| Wrapped eETH has high historical volatility and very poor performance |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wrapped eETH. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in rate. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .