Zano Performance
ZANO Crypto | USD 10.58 0.34 3.11% |
The entity maintains a market beta of -0.9, which attests to possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Zano are expected to decrease slowly. On the other hand, during market turmoil, Zano is expected to outperform it slightly.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Zano are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, Zano exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Zano |
Zano Relative Risk vs. Return Landscape
If you would invest 694.00 in Zano on November 27, 2024 and sell it today you would earn a total of 364.00 from holding Zano or generate 52.45% return on investment over 90 days. Zano is generating 1.0704% of daily returns and assumes 8.8789% volatility on return distribution over the 90 days horizon. Simply put, 79% of crypto coins are less volatile than Zano, and 79% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Zano Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Zano's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Zano, and traders can use it to determine the average amount a Zano'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 = 0.1206
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Estimated Market Risk
8.88 actual daily | 79 79% of assets are less volatile |
Expected Return
1.07 actual daily | 21 79% of assets have higher returns |
Risk-Adjusted Return
0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Zano is performing at about 9% 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 Zano by adding it to a well-diversified portfolio.
About Zano Performance
By analyzing Zano's fundamental ratios, stakeholders can gain valuable insights into Zano's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Zano 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 Zano has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Zano is peer-to-peer digital currency powered by the Blockchain technology.Zano is way too risky over 90 days horizon | |
Zano 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 Zano. 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 Transaction History module to view history of all your transactions and understand their impact on performance.