PING Performance
| PING Crypto | USD 0.06 0.0002 0.35% |
The crypto holds a Beta of -0.39, which implies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning PING are expected to decrease at a much lower rate. During the bear market, PING is likely to outperform the market.
Risk-Adjusted Performance
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Over the last 90 days PING has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound fundamental indicators, PING is not utilizing all of its potentials. The latest stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
PING |
PING Relative Risk vs. Return Landscape
If you would invest 5.72 in PING on August 26, 2024 and sell it today you would earn a total of 0.00 from holding PING or generate 0.0% return on investment over 90 days. PING is generating negative expected returns and assumes 0.0% volatility on return distribution over the 90 days horizon. Simply put, 0% of crypto coins are less volatile than PING, 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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PING Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for PING's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as PING, and traders can use it to determine the average amount a PING'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 = 0.0
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Based on monthly moving average PING 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 PING by adding PING to a well-diversified portfolio.
About PING Performance
By analyzing PING's fundamental ratios, stakeholders can gain valuable insights into PING's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if PING 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 PING has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
PING is peer-to-peer digital currency powered by the Blockchain technology.| PING is not yet fully synchronised with the market data | |
| PING has some characteristics of a very speculative cryptocurrency |
Check out Your Equity Center to better understand how to build diversified portfolios. 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 Money Flow Index module to determine momentum by analyzing Money Flow Index and other technical indicators.