ApeCoin Performance
| APE Crypto | USD 1.32 0.04 3.13% |
The crypto shows a Beta (market volatility) of -1.18, which signifies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning ApeCoin are expected to decrease by larger amounts. On the other hand, during market turmoil, ApeCoin is expected to outperform it.
Risk-Adjusted Performance
13 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in ApeCoin are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady technical and fundamental indicators, ApeCoin exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
ApeCoin |
ApeCoin Relative Risk vs. Return Landscape
If you would invest 61.00 in ApeCoin on August 30, 2024 and sell it today you would earn a total of 71.00 from holding ApeCoin or generate 116.39% return on investment over 90 days. ApeCoin is generating 1.5429% of daily returns assuming 8.8626% volatility of returns over the 90 days investment horizon. Simply put, 78% of all crypto coins have less volatile historical return distribution than ApeCoin, and 70% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
ApeCoin Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ApeCoin's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as ApeCoin, and traders can use it to determine the average amount a ApeCoin'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 = 0.1741
| Best Portfolio | Best Equity | |||
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| Average Returns | APE | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 8.86 actual daily | 78 78% of assets are less volatile |
Expected Return
| 1.54 actual daily | 30 70% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average ApeCoin is performing at about 13% 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 ApeCoin by adding it to a well-diversified portfolio.
About ApeCoin Performance
By analyzing ApeCoin's fundamental ratios, stakeholders can gain valuable insights into ApeCoin's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if ApeCoin 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 ApeCoin has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
ApeCoin is peer-to-peer digital currency powered by the Blockchain technology.| ApeCoin is way too risky over 90 days horizon | |
| ApeCoin may become a speculative penny crypto | |
| ApeCoin 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 ApeCoin. 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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.