RDN Performance
| RDN Crypto | USD 0.01 0.000096 1.88% |
The crypto holds a Beta of 1.16, which implies 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, RDN will likely underperform.
Risk-Adjusted Performance
9 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in RDN are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, RDN exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
RDN |
RDN Relative Risk vs. Return Landscape
If you would invest 0.31 in RDN on September 3, 2024 and sell it today you would earn a total of 0.21 from holding RDN or generate 66.99% return on investment over 90 days. RDN is generating 1.5797% of daily returns assuming 13.4042% volatility of returns over the 90 days investment horizon. Simply put, majority of traded equity instruments are less risky than RDN 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 |
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RDN Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for RDN's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as RDN, and traders can use it to determine the average amount a RDN'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 = 0.1179
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 13.4 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.58 actual daily | 31 69% of assets have higher returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average RDN is performing at about 9% 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 RDN by adding it to a well-diversified portfolio.
About RDN Performance
By analyzing RDN's fundamental ratios, stakeholders can gain valuable insights into RDN's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if RDN 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 RDN has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
RDN is peer-to-peer digital currency powered by the Blockchain technology.| RDN is way too risky over 90 days horizon | |
| RDN has some characteristics of a very speculative cryptocurrency | |
| RDN appears to be risky and price may revert if volatility continues |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in RDN. 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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.