LayerZero Performance
| ZRO Crypto | USD 4.96 0.06 1.22% |
The crypto secures a Beta (Market Risk) of 1.18, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, LayerZero will likely underperform.
Risk-Adjusted Performance
6 of 100
Weak | Strong |
Modest
Compared to the overall equity markets, risk-adjusted returns on investments in LayerZero are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, LayerZero exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
LayerZero |
LayerZero Relative Risk vs. Return Landscape
If you would invest 405.00 in LayerZero on August 30, 2024 and sell it today you would earn a total of 91.00 from holding LayerZero or generate 22.47% return on investment over 90 days. LayerZero is generating 0.4673% of daily returns assuming 5.588% volatility of returns over the 90 days investment horizon. Simply put, 49% of all crypto coins have less volatile historical return distribution than LayerZero, and 91% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
LayerZero Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for LayerZero's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as LayerZero, and traders can use it to determine the average amount a LayerZero'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 = 0.0836
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 5.59 actual daily | 49 51% of assets are more volatile |
Expected Return
| 0.47 actual daily | 9 91% of assets have higher returns |
Risk-Adjusted Return
| 0.08 actual daily | 6 94% of assets perform better |
Based on monthly moving average LayerZero 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 LayerZero by adding it to a well-diversified portfolio.
About LayerZero Performance
By analyzing LayerZero's fundamental ratios, stakeholders can gain valuable insights into LayerZero's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if LayerZero 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 LayerZero has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
LayerZero is peer-to-peer digital currency powered by the Blockchain technology.| LayerZero had very high historical volatility over the last 90 days |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in LayerZero. 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 Companies Directory module to evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals.