Near Performance
| NEAR Crypto | USD 3.91 0.14 3.46% |
The crypto secures a Beta (Market Risk) of 1.99, 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, Near will likely underperform.
Risk-Adjusted Performance
3 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Near are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, Near exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Trump promotes familys new crypto platform, The Defiant Ones - CNBC | 08/22/2024 |
Near |
Near Relative Risk vs. Return Landscape
If you would invest 368.00 in Near on August 4, 2024 and sell it today you would earn a total of 23.00 from holding Near or generate 6.25% return on investment over 90 days. Near is generating 0.229% of daily returns and assumes 5.2729% volatility on return distribution over the 90 days horizon. Simply put, 46% of crypto coins are less volatile than Near, and 96% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Near Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Near's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Near, and traders can use it to determine the average amount a Near'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 = 0.0434
| Best Portfolio | Best Equity | |||
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| Small Returns | NEAR | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 5.27 actual daily | 46 54% of assets are more volatile |
Expected Return
| 0.23 actual daily | 4 96% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average Near is performing at about 3% 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 Near by adding it to a well-diversified portfolio.
About Near Performance
By analyzing Near's fundamental ratios, stakeholders can gain valuable insights into Near's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Near 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 Near has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Near is peer-to-peer digital currency powered by the Blockchain technology.| Near had very high historical volatility over the last 90 days |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Near. 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 Share Portfolio module to track or share privately all of your investments from the convenience of any device.