XVG Performance
| XVG Crypto | USD 0.01 0.0006 9.22% |
The entity maintains a market beta of 0.083, which attests to not very significant fluctuations relative to the market. As returns on the market increase, XVG's returns are expected to increase less than the market. However, during the bear market, the loss of holding XVG is expected to be smaller as well.
Risk-Adjusted Performance
12 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in XVG are ranked lower than 12 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady technical and fundamental indicators, XVG exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
XVG |
XVG Relative Risk vs. Return Landscape
If you would invest 0.37 in XVG on August 27, 2024 and sell it today you would earn a total of 0.36 from holding XVG or generate 97.65% return on investment over 90 days. XVG is generating 1.384% of daily returns assuming 8.8941% volatility of returns over the 90 days investment horizon. Simply put, 79% of all crypto coins have less volatile historical return distribution than XVG, and 73% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
XVG Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for XVG's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as XVG, and traders can use it to determine the average amount a XVG'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 = 0.1556
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 8.89 actual daily | 79 79% of assets are less volatile |
Expected Return
| 1.38 actual daily | 27 73% of assets have higher returns |
Risk-Adjusted Return
| 0.16 actual daily | 12 88% of assets perform better |
Based on monthly moving average XVG is performing at about 12% 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 XVG by adding it to a well-diversified portfolio.
About XVG Performance
By analyzing XVG's fundamental ratios, stakeholders can gain valuable insights into XVG's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if XVG 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 XVG has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
XVG is peer-to-peer digital currency powered by the Blockchain technology.| XVG is way too risky over 90 days horizon | |
| XVG has some characteristics of a very speculative cryptocurrency | |
| XVG appears to be risky and price may revert if volatility continues |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in XVG. 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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.