Frax Performance
| FRAX Crypto | USD 0.99 0.02 2.06% |
The crypto shows a Beta (market volatility) of -0.15, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Frax are expected to decrease at a much lower rate. During the bear market, Frax is likely to outperform the market.
Risk-Adjusted Performance
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Over the last 90 days Frax has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound basic indicators, Frax is not utilizing all of its potentials. The latest stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
1 | Cryptocurrency fraud is now the riskiest scam for consumers, according to BBB - CBS News | 03/06/2024 |
2 | Bitcoins Share of Crypto Market Highest Since 2021 Partly Due to ETFs - Yahoo Finance | 04/15/2024 |
Frax |
Frax Relative Risk vs. Return Landscape
If you would invest 100.00 in Frax on February 8, 2024 and sell it today you would lose (1.00) from holding Frax or give up 1.0% of portfolio value over 90 days. Frax is generating negative expected returns and assumes 1.6533% volatility on return distribution over the 90 days horizon. Simply put, 14% of crypto coins are less volatile than Frax, and 99% 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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Frax Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Frax's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Frax, and traders can use it to determine the average amount a Frax'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 = -0.0014
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | FRAX |
Estimated Market Risk
| 1.65 actual daily | 14 86% of assets are more volatile |
Expected Return
| 0.0 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.0 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Frax is not performing at its full potential. However, 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 Frax by adding Frax to a well-diversified portfolio.
About Frax Performance
To evaluate Frax Crypto Coin as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Frax generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Frax Crypto Coin's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Frax market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Frax's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.Frax is peer-to-peer digital currency powered by the Blockchain technology.| Frax generated a negative expected return over the last 90 days | |
| Frax has some characteristics of a very speculative cryptocurrency | |
| Latest headline from news.google.com: Bitcoins Share of Crypto Market Highest Since 2021 Partly Due to ETFs - Yahoo Finance |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Frax. 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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.