Omni Network Performance
| OMNI Crypto | USD 9.57 0.08 0.83% |
The crypto holds a Beta of 1.76, which implies 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, Omni Network will likely underperform.
Risk-Adjusted Performance
11 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Omni Network are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, Omni Network exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Omni |
Omni Network Relative Risk vs. Return Landscape
If you would invest 103.00 in Omni Network on August 28, 2024 and sell it today you would earn a total of 854.00 from holding Omni Network or generate 829.13% return on investment over 90 days. Omni Network is generating 9.9477% of daily returns and assumes 69.8311% volatility on return distribution over the 90 days horizon. Simply put, majority of traded equity instruments are less risky than Omni on the basis of their historical return distribution, and most equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Omni Network Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Omni Network's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Omni Network, and traders can use it to determine the average amount a Omni Network'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 = 0.1425
| Best Portfolio | Best Equity | OMNI | ||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 69.83 actual daily | 96 96% of assets are less volatile |
Expected Return
| 5.01 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.14 actual daily | 11 89% of assets perform better |
Based on monthly moving average Omni Network is performing at about 11% 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 Omni Network by adding it to a well-diversified portfolio.
About Omni Network Performance
By analyzing Omni Network's fundamental ratios, stakeholders can gain valuable insights into Omni Network's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Omni Network 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 Omni Network has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Omni Network is peer-to-peer digital currency powered by the Blockchain technology.| Omni Network is way too risky over 90 days horizon | |
| Omni Network appears to be risky and price may revert if volatility continues |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Omni Network. 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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.