Across Protocol Performance
| ACX Crypto | USD 0.40 0.01 2.56% |
The crypto shows a Beta (market volatility) of 1.38, which signifies 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, Across Protocol 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 Across Protocol are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, Across Protocol exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Across |
Across Protocol Relative Risk vs. Return Landscape
If you would invest 29.00 in Across Protocol on September 1, 2024 and sell it today you would earn a total of 11.00 from holding Across Protocol or generate 37.93% return on investment over 90 days. Across Protocol is generating 14.7634% of daily returns assuming 124.8481% volatility of returns over the 90 days investment horizon. Simply put, majority of traded equity instruments are less risky than Across 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 |
| Risk |
Across Protocol Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Across Protocol's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Across Protocol, and traders can use it to determine the average amount a Across Protocol'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 = 0.1183
| Best Portfolio | Best Equity | ACX | ||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 124.85 actual daily | 96 96% of assets are less volatile |
Expected Return
| 5.01 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Across Protocol 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 Across Protocol by adding it to a well-diversified portfolio.
About Across Protocol Performance
By analyzing Across Protocol's fundamental ratios, stakeholders can gain valuable insights into Across Protocol's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Across Protocol 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 Across Protocol has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Across Protocol is peer-to-peer digital currency powered by the Blockchain technology.| Across Protocol is way too risky over 90 days horizon | |
| Across Protocol has some characteristics of a very speculative cryptocurrency | |
| Across Protocol appears to be risky and price may revert if volatility continues |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Across Protocol. 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 Performance Analysis module to check effects of mean-variance optimization against your current asset allocation.