JasmyCoin Volatility
| JASMY Crypto | USD 0.03 0.01 25.73% |
JasmyCoin appears to be unusually risky, given 3 months investment horizon. JasmyCoin holds Efficiency (Sharpe) Ratio of 0.1, which attests that digital coin had a 0.1% return per unit of risk over the last 3 months. By evaluating JasmyCoin's technical indicators, you can evaluate if the expected return of 0.62% is justified by implied risk. Please utilize JasmyCoin's Downside Deviation of 5.66, risk adjusted performance of 0.0505, and Market Risk Adjusted Performance of 0.3422 to validate if our risk estimates are consistent with your expectations. Key indicators related to JasmyCoin's volatility include:
270 Days Market Risk | Risk of Devaluation | 270 Days Economic Sensitivity |
JasmyCoin Crypto Coin volatility depicts how high the prices fluctuate around the mean (or its average) price. In other words, it is a statistical measure of the distribution of JasmyCoin daily returns, and it is calculated using variance and standard deviation. We also use JasmyCoin's beta, its sensitivity to the market, as well as its odds of financial distress to provide a more practical estimation of JasmyCoin volatility.
JasmyCoin |
JasmyCoin Crypto Coin Volatility Analysis
Volatility refers to the frequency at which JasmyCoin crypto price increases or decreases within a specified period. These fluctuations usually indicate the level of risk that's associated with JasmyCoin's price changes. Investors will then calculate the volatility of JasmyCoin's crypto coin to predict their future moves. A crypto that has erratic price changes quickly hits new highs, and lows are considered highly volatile. A crypto coin with relatively stable price changes has low volatility. A highly volatile crypto is riskier, but the risk cuts both ways. Investing in highly volatile security can either be highly successful, or you may experience significant failure. There are two main types of JasmyCoin's volatility:
Historical Volatility
This type of crypto volatility measures JasmyCoin's fluctuations based on previous trends. It's commonly used to predict JasmyCoin's future behavior based on its past. However, it cannot conclusively determine the future direction of the crypto coin.Implied Volatility
This type of volatility provides a positive outlook on future price fluctuations for JasmyCoin's current market price. This means that the crypto will return to its initially predicted market price. This type of volatility can be derived from derivative instruments written on JasmyCoin's to be redeemed at a future date.Transformation |
The output start index for this execution was zero with a total number of output elements of sixty-one. JasmyCoin Average Price is the average of the sum of open, high, low and close daily prices of a bar. It can be used to smooth an indicator that normally takes just the closing price as input.
JasmyCoin Projected Return Density Against Market
Assuming the 90 days trading horizon JasmyCoin has a beta of 0.9971 . This indicates JasmyCoin market returns are highly-sensitive to returns on the market. As the market goes up or down, JasmyCoin is expected to follow.Most traded cryptocurrencies are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or coin-specific or project-specific) risk. Unsystematic risk is the risk that events specific to JasmyCoin project will adversely affect the coin's price. This type of risk can be diversified away by owning several different digital assets on different exchanges whose coin prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that JasmyCoin's price will be affected by overall cryptocurrency market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a JasmyCoin crypto's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
JasmyCoin has an alpha of 0.2108, implying that it can generate a 0.21 percent excess return over Dow Jones Industrial after adjusting for the inherited market risk (beta). Predicted Return Density |
| Returns |
JasmyCoin Crypto Coin Risk Measures
Assuming the 90 days trading horizon the coefficient of variation of JasmyCoin is 962.51. The daily returns are distributed with a variance of 35.95 and standard deviation of 6.0. The mean deviation of JasmyCoin is currently at 3.87. For similar time horizon, the selected benchmark (Dow Jones Industrial) has volatility of 0.
α | Alpha over Dow Jones | 0.21 | |
β | Beta against Dow Jones | 1.00 | |
σ | Overall volatility | 6.00 | |
Ir | Information ratio | 0.03 |
JasmyCoin Crypto Coin Return Volatility
JasmyCoin historical daily return volatility represents how much of JasmyCoin crypto's daily returns swing around its mean - it is a statistical measure of its dispersion of returns. Keep in mind that cryptocurrencies such as JasmyCoin have only been around for a short time and are still in the price discovery phase. This means that prices will continue to change as investors and governments work through the initial concerns until prices stabilize, provided a stable point can be reached. JasmyCoin accepts 5.9961% volatility on return distribution over the 90 days horizon. By contrast, Dow Jones Industrial accepts 0.7685% volatility on return distribution over the 90 days horizon. Performance |
| Timeline |
About JasmyCoin Volatility
Volatility is a rate at which the price of JasmyCoin or any other equity instrument increases or decreases for a given set of returns. It is measured by calculating the standard deviation of the annualized returns over a given period of time and shows the range to which the price of JasmyCoin may increase or decrease. In other words, similar to JasmyCoin's beta indicator, it measures the risk of JasmyCoin and helps estimate the fluctuations that may happen in a short period of time. So if prices of JasmyCoin fluctuate rapidly in a short time span, it is termed to have high volatility, and if it swings slowly in a more extended period, it is understood to have low volatility.
Please read more on our technical analysis page.3 ways to utilize JasmyCoin's volatility to invest better
Higher JasmyCoin's crypto volatility means that the price of its stock is changing rapidly and unpredictably, while lower stock volatility indicates that the price of JasmyCoin crypto is relatively stable. Investors and traders use stock volatility as an indicator of risk and potential reward, as stocks with higher volatility can offer the potential for more significant returns but also come with a greater risk of losses. JasmyCoin crypto volatility can provide helpful information for making investment decisions in the following ways:- Measuring Risk: Volatility can be used as a measure of risk, which can help you determine the potential fluctuations in the value of JasmyCoin investment. A higher volatility means higher risk and potentially larger changes in value.
- Identifying Opportunities: High volatility in JasmyCoin's crypto can indicate that there is potential for significant price movements, either up or down, which could present investment opportunities.
- Diversification: Understanding how the volatility of JasmyCoin's crypto relates to your other investments can help you create a well-diversified portfolio of assets with varying levels of risk.
JasmyCoin Investment Opportunity
JasmyCoin has a volatility of 6.0 and is 7.79 times more volatile than Dow Jones Industrial. 53 percent of all equities and portfolios are less risky than JasmyCoin. You can use JasmyCoin to enhance the returns of your portfolios. The crypto coin experiences a very speculative upward sentiment. Check odds of JasmyCoin to be traded at $0.0324 in 90 days.Average diversification
The correlation between JasmyCoin and DJI is 0.12 (i.e., Average diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding JasmyCoin and DJI in the same portfolio, assuming nothing else is changed. Please note that JasmyCoin is a digital instrument and cryptocurrency exchanges were notoriously volatile since the beginning of their establishment.
JasmyCoin Additional Risk Indicators
The analysis of JasmyCoin's secondary risk indicators is one of the essential steps in making a buy or sell decision. The process involves identifying the amount of risk involved in JasmyCoin's investment and either accepting that risk or mitigating it. Along with some common measures of JasmyCoin crypto coin's risk such as standard deviation, beta, or value at risk, we also provide a set of secondary indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Risk Adjusted Performance | 0.0505 | |||
| Market Risk Adjusted Performance | 0.3422 | |||
| Mean Deviation | 4.06 | |||
| Semi Deviation | 5.12 | |||
| Downside Deviation | 5.66 | |||
| Coefficient Of Variation | 1836.11 | |||
| Standard Deviation | 6.27 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential crypto coins, we recommend comparing similar cryptos with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
JasmyCoin Suggested Diversification Pairs
Pair trading is one of the very effective strategies used by professional day traders and hedge funds capitalizing on short-time and mid-term market inefficiencies. The approach is based on the fact that the ratio of prices of two correlating shares is long-term stable and oscillates around the average value. If the correlation ratio comes outside the common area, you can speculate with a high success rate that the ratio will return to the mean value and collect a profit.
The effect of pair diversification on risk is to reduce it, but we should note this doesn't apply to all risk types. When we trade pairs against JasmyCoin as a counterpart, there is always some inherent risk that will never be diversified away no matter what. This volatility limits the effect of tactical diversification using pair trading. JasmyCoin's systematic risk is the inherent uncertainty of the entire market, and therefore cannot be mitigated even by pair-trading it against the equity that is not highly correlated to it. On the other hand, JasmyCoin's unsystematic risk describes the types of risk that we can protect against, at least to some degree, by selecting a matching pair that is not perfectly correlated to JasmyCoin.
When determining whether JasmyCoin offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of JasmyCoin's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Jasmycoin Crypto. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in JasmyCoin. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in manufacturing. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.