COFI Performance
| COFI Crypto | USD 0.0007 0.000035 4.95% |
The crypto shows a Beta (market volatility) of -0.46, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning COFI are expected to decrease at a much lower rate. During the bear market, COFI is likely to outperform the market.
Risk-Adjusted Performance
8 of 100
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OK
Compared to the overall equity markets, risk-adjusted returns on investments in COFI are ranked lower than 8 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, COFI exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
COFI |
COFI Relative Risk vs. Return Landscape
If you would invest 0.05 in COFI on October 7, 2024 and sell it today you would earn a total of 0.02 from holding COFI or generate 31.25% return on investment over 90 days. COFI is generating 0.5572% of daily returns and assumes 5.3981% volatility on return distribution over the 90 days horizon. Simply put, 48% of crypto coins are less volatile than COFI, and 89% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
COFI Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for COFI's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as COFI, and traders can use it to determine the average amount a COFI'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 = 0.1032
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 5.4 actual daily | 48 52% of assets are more volatile |
Expected Return
| 0.56 actual daily | 11 89% of assets have higher returns |
Risk-Adjusted Return
| 0.1 actual daily | 8 92% of assets perform better |
Based on monthly moving average COFI is performing at about 8% 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 COFI by adding it to a well-diversified portfolio.
About COFI Performance
By analyzing COFI's fundamental ratios, stakeholders can gain valuable insights into COFI's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if COFI 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 COFI has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
COFI is peer-to-peer digital currency powered by the Blockchain technology.| COFI is way too risky over 90 days horizon | |
| COFI has some characteristics of a very speculative cryptocurrency | |
| COFI 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 COFI. 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 Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.