Enjin Coin Financials
| ENJ Crypto | USD 0.32 0.01 3.23% |
Enjin |
Please note, the presentation of Enjin Coin's financial position, as portrayed in its financial statements, is often influenced by management's estimates, judgments, and sometimes even manipulations. In the best case, Enjin Coin's management is honest, while the outside auditors are strict and uncompromising. Whatever the case, the imprecision that can be found in Enjin Coin's accounting process means that the reasonable investor should take a skeptical approach toward the financial statement analysis of Enjin Coin. Please utilize our Beneish M Score to check the likelihood of Enjin Coin's management manipulating its earnings.
Enjin Coin Crypto Summary
Enjin Coin competes with Solana, XRP, Staked Ether, Open Network, and Avalanche. Enjin Coin is peer-to-peer digital currency powered by the Blockchain technology.| Exchange Type | CRYPTO Exchanges |
| Exchange | Others |
| Benchmark | NYSE Composite |
| Currency | USD - US Dollar |
Enjin Coin Systematic Risk
Enjin Coin's systematic risk plays a vital role in portfolio allocation when considering its stock to be added to a well-diversified portfolio. Enjin Coin volatility which cannot be eliminated through diversification, requires returns over the risk-free rate. Over the long run, a well-diversified portfolio provides returns that match its exposure to systematic risk. In this case, investors face a trade-off between expected returns and systematic risk and, therefore, can only reduce a portfolio's exposure to systematic risk by sacrificing expected returns on the portfolio.
The output start index for this execution was ten with a total number of output elements of fifty-one. The Beta measures systematic risk based on how returns on Enjin Coin correlated with the market. If Beta is less than 0 Enjin Coin generally moves in the opposite direction as compared to the market. If Enjin Coin Beta is about zero movement of price series is uncorrelated with the movement of the benchmark. if Beta is between zero and one Enjin Coin is generally moves in the same direction as, but less than the movement of the market. For Beta = 1 movement of Enjin Coin is generally in the same direction as the market. If Beta > 1 Enjin Coin moves generally in the same direction as, but more than the movement of the benchmark.
Enjin Coin May 3, 2024 Opportunity Range
Along with financial statement analysis, the daily predictive indicators of Enjin Coin help investors to analyze its daily demand and supply, volume, patterns, and price swings to determine the real value of Enjin Coin. We use our internally-developed statistical techniques to arrive at the intrinsic value of Enjin Coin based on widely used predictive technical indicators. In general, we focus on analyzing Enjin Crypto Coin price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Enjin Coin's daily price indicators and compare them against related drivers.
| Downside Deviation | 7.57 | |||
| Information Ratio | 0.0375 | |||
| Maximum Drawdown | 36.67 | |||
| Value At Risk | (9.43) | |||
| Potential Upside | 9.09 |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enjin Coin. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.