0x Performance
| ZRX Crypto | USD 0.62 0.04 6.90% |
The crypto shows a Beta (market volatility) of 0.72, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 0x's returns are expected to increase less than the market. However, during the bear market, the loss of holding 0x is expected to be smaller as well.
Risk-Adjusted Performance
18 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in 0x are ranked lower than 18 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, 0x exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Investors hope October paves way for records as cryptocurrency enters historically strong month - CNBC | 10/01/2024 |
0x |
0x Relative Risk vs. Return Landscape
If you would invest 28.00 in 0x on September 3, 2024 and sell it today you would earn a total of 34.00 from holding 0x or generate 121.43% return on investment over 90 days. 0x is generating 1.3925% of daily returns assuming 5.9198% volatility of returns over the 90 days investment horizon. Simply put, 52% of all crypto coins have less volatile historical return distribution than 0x, and 73% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
0x Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for 0x's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as 0x, and traders can use it to determine the average amount a 0x'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 = 0.2352
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ZRX | |||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 5.92 actual daily | 52 52% of assets are less volatile |
Expected Return
| 1.39 actual daily | 27 73% of assets have higher returns |
Risk-Adjusted Return
| 0.24 actual daily | 18 82% of assets perform better |
Based on monthly moving average 0x is performing at about 18% 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 0x by adding it to a well-diversified portfolio.
About 0x Performance
By analyzing 0x's fundamental ratios, stakeholders can gain valuable insights into 0x's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if 0x 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 0x has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
0x is peer-to-peer digital currency powered by the Blockchain technology.| 0x is way too risky over 90 days horizon | |
| 0x has some characteristics of a very speculative cryptocurrency | |
| 0x appears to be risky and price may revert if volatility continues |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in 0x. 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 Price Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.