Symbol Performance
| XYM Crypto | USD 0.02 0 9.09% |
The entity has a beta of -1.09, which indicates a somewhat significant risk relative to the market. As the market becomes more bullish, returns on owning Symbol are expected to decrease slowly. On the other hand, during market turmoil, Symbol is expected to outperform it slightly.
Risk-Adjusted Performance
7 of 100
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OK
Compared to the overall equity markets, risk-adjusted returns on investments in Symbol are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady primary indicators, Symbol exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Symbol |
Symbol Relative Risk vs. Return Landscape
If you would invest 1.48 in Symbol on August 26, 2024 and sell it today you would earn a total of 0.62 from holding Symbol or generate 41.89% return on investment over 90 days. Symbol is generating 0.7712% of daily returns assuming 7.8157% volatility of returns over the 90 days investment horizon. Simply put, 69% of all crypto coins have less volatile historical return distribution than Symbol, and 85% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Symbol Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Symbol's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Symbol, and traders can use it to determine the average amount a Symbol'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 = 0.0987
| Best Portfolio | Best Equity | |||
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| Small Returns | XYM | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 7.82 actual daily | 69 69% of assets are less volatile |
Expected Return
| 0.77 actual daily | 15 85% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 7 93% of assets perform better |
Based on monthly moving average Symbol is performing at about 7% 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 Symbol by adding it to a well-diversified portfolio.
About Symbol Performance
By analyzing Symbol's fundamental ratios, stakeholders can gain valuable insights into Symbol's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Symbol 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 Symbol has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Symbol is peer-to-peer digital currency powered by the Blockchain technology.| Symbol is way too risky over 90 days horizon | |
| Symbol has some characteristics of a very speculative cryptocurrency | |
| Symbol appears to be risky and price may revert if volatility continues |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Symbol. 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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.