MORE Performance
| MORE Crypto | USD 0.0009 0.000002 0.23% |
The crypto secures a Beta (Market Risk) of -0.37, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning MORE are expected to decrease at a much lower rate. During the bear market, MORE is likely to outperform the market.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days MORE has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest unsteady performance, the Crypto's fundamental indicators remain sound and the latest tumult on Wall Street may also be a sign of longer-term gains for MORE shareholders. ...more
MORE |
MORE Relative Risk vs. Return Landscape
If you would invest 0.10 in MORE on November 28, 2024 and sell it today you would lose (0.01) from holding MORE or give up 9.33% of portfolio value over 90 days. MORE is generating negative expected returns and assumes 2.3658% volatility on return distribution over the 90 days horizon. Simply put, 21% of crypto coins are less volatile than MORE, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
MORE Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for MORE's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as MORE, and traders can use it to determine the average amount a MORE'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 = -0.0539
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | MORE |
Estimated Market Risk
| 2.37 actual daily | 21 79% of assets are more volatile |
Expected Return
| -0.13 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average MORE 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 MORE by adding MORE to a well-diversified portfolio.
About MORE Performance
By analyzing MORE's fundamental ratios, stakeholders can gain valuable insights into MORE's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if MORE 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 MORE has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
MORE is peer-to-peer digital currency powered by the Blockchain technology.| MORE generated a negative expected return over the last 90 days | |
| MORE has some characteristics of a very speculative cryptocurrency |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in MORE. 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 Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.