Algorand Crypto Year To Date Return
| ALGO Crypto | USD 0.40 0.01 2.44% |
Algorand fundamentals help investors to digest information that contributes to Algorand's financial success or failures. It also enables traders to predict the movement of Algorand Crypto Coin. The fundamental analysis module provides a way to measure Algorand's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Algorand crypto coin.
Algorand |
Algorand Cryptocurrency Year To Date Return Analysis
Algorand's Year to Date Return (YTD) is the total return generated from holding a security from the beginning of the current fiscal year. In other words, YTD Return represents the capital appreciation of your investments from the start of the current fiscal year.
More About Year To Date Return | All Equity Analysis
YTD Return | = | (Mean of Monthly Returns - 1) | X | 100% |
Year-To-Date typically refers to a period starting from the beginning of the current year and continuing up to the present day. Investors should becareful when comparing YTD ratios if not much of the year has occurred as research shows that YTD measures are more sensitive to early periods than late.
In accordance with the company's disclosures, Algorand has a Year To Date Return of 0.0%. This indicator is about the same for the Blockchain average (which is currently at 0.0) sector and about the same as Cryptocurrency (which currently averages 0.0) industry. This indicator is about the same for all United States cryptos average (which is currently at 0.0).
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About Algorand Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Algorand's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Algorand using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Algorand based on its fundamental data. In general, a quantitative approach, as applied to this cryptocurrency, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Algorand offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Algorand's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Algorand Crypto.Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Algorand. 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 Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.