IDEX Performance
| IDEX Crypto | USD 0.03 0.0006 2.05% |
The crypto retains a Market Volatility (i.e., Beta) of -1.2, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning IDEX are expected to decrease by larger amounts. On the other hand, during market turmoil, IDEX is expected to outperform it.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days IDEX 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 fundamental indicators remain rather sound which may send shares a bit higher in April 2025. The latest tumult may also be a sign of longer-term up-swing for IDEX shareholders. ...more
IDEX |
IDEX Relative Risk vs. Return Landscape
If you would invest 5.38 in IDEX on December 19, 2024 and sell it today you would lose (2.40) from holding IDEX or give up 44.61% of portfolio value over 90 days. IDEX is generating negative expected returns and assumes 7.2681% volatility on return distribution over the 90 days horizon. Simply put, 64% of crypto coins are less volatile than IDEX, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
IDEX Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for IDEX's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as IDEX, and traders can use it to determine the average amount a IDEX'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 = -0.0952
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | IDEX |
Estimated Market Risk
| 7.27 actual daily | 64 64% of assets are less volatile |
Expected Return
| -0.69 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average IDEX 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 IDEX by adding IDEX to a well-diversified portfolio.
About IDEX Performance
By analyzing IDEX's fundamental ratios, stakeholders can gain valuable insights into IDEX's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if IDEX 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 IDEX has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
IDEX is peer-to-peer digital currency powered by the Blockchain technology.| IDEX generated a negative expected return over the last 90 days | |
| IDEX has high historical volatility and very poor performance | |
| IDEX has some characteristics of a very speculative cryptocurrency |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IDEX. 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 Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.