Banana Gun Performance
| BANANA Crypto | USD 58.65 8.23 12.31% |
The crypto shows a Beta (market volatility) of -0.97, which signifies possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Banana Gun are expected to decrease slowly. On the other hand, during market turmoil, Banana Gun is expected to outperform it slightly.
Risk-Adjusted Performance
11 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Banana Gun are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. Despite somewhat unsteady basic indicators, Banana Gun sustained solid returns over the last few months and may actually be approaching a breakup point. ...more
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Banana Gun Relative Risk vs. Return Landscape
If you would invest 3,621 in Banana Gun on September 4, 2024 and sell it today you would earn a total of 2,244 from holding Banana Gun or generate 61.97% return on investment over 90 days. Banana Gun is generating 0.9469% of daily returns and assumes 6.5171% volatility on return distribution over the 90 days horizon. Simply put, 58% of crypto coins are less volatile than Banana, and 82% 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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Banana Gun Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Banana Gun's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Banana Gun, and traders can use it to determine the average amount a Banana Gun'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 = 0.1453
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 6.52 actual daily | 58 58% of assets are less volatile |
Expected Return
| 0.95 actual daily | 18 82% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Banana Gun 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 Banana Gun by adding it to a well-diversified portfolio.
About Banana Gun Performance
By analyzing Banana Gun's fundamental ratios, stakeholders can gain valuable insights into Banana Gun's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Banana Gun 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 Banana Gun has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Banana Gun is peer-to-peer digital currency powered by the Blockchain technology.| Banana Gun is way too risky over 90 days horizon | |
| Banana Gun 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 Banana Gun. 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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.