Akash Network Performance
| AKT Crypto | USD 3.29 0.21 6.82% |
The crypto shows a Beta (market volatility) of 0.0113, which signifies not very significant fluctuations relative to the market. As returns on the market increase, Akash Network's returns are expected to increase less than the market. However, during the bear market, the loss of holding Akash Network is expected to be smaller as well.
Risk-Adjusted Performance
7 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Akash Network are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, Akash Network exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Akash |
Akash Network Relative Risk vs. Return Landscape
If you would invest 251.00 in Akash Network on October 20, 2024 and sell it today you would earn a total of 78.00 from holding Akash Network or generate 31.08% return on investment over 90 days. Akash Network is generating 0.6795% of daily returns assuming 7.5258% volatility of returns over the 90 days investment horizon. Simply put, 67% of all crypto coins have less volatile historical return distribution than Akash Network, and 87% 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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Akash Network Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Akash Network's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Akash Network, and traders can use it to determine the average amount a Akash 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 = 0.0903
| Best Portfolio | Best Equity | |||
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| Small Returns | AKT | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 7.53 actual daily | 67 67% of assets are less volatile |
Expected Return
| 0.68 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average Akash Network 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 Akash Network by adding it to a well-diversified portfolio.
About Akash Network Performance
By analyzing Akash Network's fundamental ratios, stakeholders can gain valuable insights into Akash Network's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Akash 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 Akash Network has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Akash Network is peer-to-peer digital currency powered by the Blockchain technology.| Akash Network is way too risky over 90 days horizon | |
| Akash Network appears to be risky and price may revert if volatility continues |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Akash 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 Aroon Oscillator module to analyze current equity momentum using Aroon Oscillator and other momentum ratios.