Centrifuge Performance
| CFG Crypto | USD 0.42 0.01 2.44% |
The crypto shows a Beta (market volatility) of 1.16, 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, Centrifuge will likely underperform.
Risk-Adjusted Performance
6 of 100
Weak | Strong |
Modest
Compared to the overall equity markets, risk-adjusted returns on investments in Centrifuge are ranked lower than 6 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady technical and fundamental indicators, Centrifuge exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Centrifuge |
Centrifuge Relative Risk vs. Return Landscape
If you would invest 34.00 in Centrifuge on August 30, 2024 and sell it today you would earn a total of 8.00 from holding Centrifuge or generate 23.53% return on investment over 90 days. Centrifuge is generating 0.4727% of daily returns assuming 5.3528% volatility of returns over the 90 days investment horizon. Simply put, 47% of all crypto coins have less volatile historical return distribution than Centrifuge, and 91% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Centrifuge Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Centrifuge's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Centrifuge, and traders can use it to determine the average amount a Centrifuge'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 = 0.0883
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 5.35 actual daily | 47 53% of assets are more volatile |
Expected Return
| 0.47 actual daily | 9 91% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 6 94% of assets perform better |
Based on monthly moving average Centrifuge is performing at about 6% 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 Centrifuge by adding it to a well-diversified portfolio.
About Centrifuge Performance
By analyzing Centrifuge's fundamental ratios, stakeholders can gain valuable insights into Centrifuge's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Centrifuge 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 Centrifuge has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Centrifuge is peer-to-peer digital currency powered by the Blockchain technology.| Centrifuge had very high historical volatility over the last 90 days | |
| Centrifuge has some characteristics of a very speculative cryptocurrency |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Centrifuge. 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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.