XNK Performance
The entity maintains a market beta of 0.0, which attests to not very significant fluctuations relative to the market. the returns on MARKET and XNK are completely uncorrelated.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days XNK has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound forward-looking signals, XNK is not utilizing all of its potentials. The latest stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
XNK |
XNK Relative Risk vs. Return Landscape
If you would invest (100.00) in XNK on December 19, 2024 and sell it today you would earn a total of 100.00 from holding XNK or generate -100.0% return on investment over 90 days. XNK is producing return of less than zero assuming 0.0% volatility of returns over the 90 days investment horizon. Simply put, 0% of all crypto coins have less volatile historical return distribution than XNK, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
XNK Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for XNK's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as XNK, and traders can use it to determine the average amount a XNK'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 = 0.0
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Based on monthly moving average XNK 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 XNK by adding XNK to a well-diversified portfolio.
| XNK is not yet fully synchronised with the market data | |
| XNK has some characteristics of a very speculative cryptocurrency |
Check out Your Current Watchlist to better understand how to build diversified portfolios. 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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Other Tools for XNK Crypto Coin
When running XNK's price analysis, check to measure XNK's coin volatility and technical momentum indicators. We have many different tools that can be utilized to determine how healthy XNK is operating at the current time. Most of XNK's value examination focuses on studying past and present price actions to predict the probability of XNK's future price movements. You can analyze the coin against its peers and the financial market as a whole to determine factors that move XNK's coin price. Additionally, you may evaluate how adding XNK to your portfolios can decrease your overall portfolio volatility.
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