Audius Performance
| AUDIO Crypto | USD 0.19 0.01 5.56% |
The crypto shows a Beta (market volatility) of 1.1, which signifies a somewhat significant risk relative to the market. Audius returns are very sensitive to returns on the market. As the market goes up or down, Audius is expected to follow.
Risk-Adjusted Performance
11 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Audius are ranked lower than 11 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, Audius exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Audius |
Audius Relative Risk vs. Return Landscape
If you would invest 12.00 in Audius on September 1, 2024 and sell it today you would earn a total of 6.00 from holding Audius or generate 50.0% return on investment over 90 days. Audius is generating 0.7577% of daily returns and assumes 5.1762% volatility on return distribution over the 90 days horizon. Simply put, 46% of crypto coins are less volatile than Audius, and 85% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Audius Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Audius' investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Audius, and traders can use it to determine the average amount a Audius' 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 = 0.1464
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 5.18 actual daily | 46 54% of assets are more volatile |
Expected Return
| 0.76 actual daily | 15 85% of assets have higher returns |
Risk-Adjusted Return
| 0.15 actual daily | 11 89% of assets perform better |
Based on monthly moving average Audius 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 Audius by adding it to a well-diversified portfolio.
About Audius Performance
By analyzing Audius' fundamental ratios, stakeholders can gain valuable insights into Audius' financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Audius 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 Audius has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Audius is peer-to-peer digital currency powered by the Blockchain technology.| Audius is way too risky over 90 days horizon | |
| Audius has some characteristics of a very speculative cryptocurrency | |
| Audius 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 Audius. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.