ENG Performance
| ENG Crypto | USD 0.0004 0 89.78% |
The crypto shows a Beta (market volatility) of 1.46, which means a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, ENG will likely underperform.
Risk-Adjusted Performance
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Over the last 90 days ENG has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unsteady performance in the last few months, the Crypto's technical and fundamental indicators remain rather sound which may send shares a bit higher in January 2025. The latest tumult may also be a sign of longer-term up-swing for ENG shareholders. ...more
ENG |
ENG Relative Risk vs. Return Landscape
If you would invest 0.92 in ENG on September 2, 2024 and sell it today you would lose (0.88) from holding ENG or give up 95.97% of portfolio value over 90 days. ENG is producing return of less than zero assuming 17.9658% volatility of returns over the 90 days investment horizon. Simply put, majority of traded equity instruments are less risky than ENG on the basis of their historical return distribution, and most equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
ENG Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ENG's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as ENG, and traders can use it to determine the average amount a ENG'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 = -0.0766
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | ENG |
Estimated Market Risk
| 17.97 actual daily | 96 96% of assets are less volatile |
Expected Return
| -1.38 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.08 actual daily | 0 Most of other assets perform better |
Based on monthly moving average ENG 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 ENG by adding ENG to a well-diversified portfolio.
About ENG Performance
By analyzing ENG's fundamental ratios, stakeholders can gain valuable insights into ENG's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if ENG 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 ENG has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
ENG is peer-to-peer digital currency powered by the Blockchain technology.| ENG generated a negative expected return over the last 90 days | |
| ENG has high historical volatility and very poor performance | |
| ENG has some characteristics of a very speculative cryptocurrency |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ENG. 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 Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..