ADX Performance
| ADX Crypto | USD 0.21 0.01 5.00% |
The crypto shows a Beta (market volatility) of 0.0136, which signifies not very significant fluctuations relative to the market. As returns on the market increase, ADX's returns are expected to increase less than the market. However, during the bear market, the loss of holding ADX is expected to be smaller as well.
Risk-Adjusted Performance
11 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in ADX are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, ADX exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
ADX |
ADX Relative Risk vs. Return Landscape
If you would invest 14.00 in ADX on September 1, 2024 and sell it today you would earn a total of 7.00 from holding ADX or generate 50.0% return on investment over 90 days. ADX is generating 0.7496% of daily returns assuming 5.037% volatility of returns over the 90 days investment horizon. Simply put, 44% of all crypto coins have less volatile historical return distribution than ADX, and 86% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
ADX Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ADX's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as ADX, and traders can use it to determine the average amount a ADX'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 = 0.1488
| Best Portfolio | Best Equity | |||
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| Small Returns | ADX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 5.04 actual daily | 44 56% of assets are more volatile |
Expected Return
| 0.75 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average ADX is performing at about 11% 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 ADX by adding it to a well-diversified portfolio.
About ADX Performance
By analyzing ADX's fundamental ratios, stakeholders can gain valuable insights into ADX's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if ADX 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 ADX has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
ADX is peer-to-peer digital currency powered by the Blockchain technology.| ADX is way too risky over 90 days horizon | |
| ADX has some characteristics of a very speculative cryptocurrency | |
| ADX 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 ADX. 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 Balance Of Power module to check stock momentum by analyzing Balance Of Power indicator and other technical ratios.