Conflux Network Performance
| CFX Crypto | USD 0.19 0.02 11.76% |
The crypto shows a Beta (market volatility) of 0.45, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, Conflux Network's returns are expected to increase less than the market. However, during the bear market, the loss of holding Conflux Network is expected to be smaller as well.
Risk-Adjusted Performance
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Compared to the overall equity markets, risk-adjusted returns on investments in Conflux Network are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, Conflux Network exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
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Conflux Network Relative Risk vs. Return Landscape
If you would invest 13.00 in Conflux Network on August 30, 2024 and sell it today you would earn a total of 6.00 from holding Conflux Network or generate 46.15% return on investment over 90 days. Conflux Network is generating 0.7668% of daily returns assuming 5.9607% volatility of returns over the 90 days investment horizon. Simply put, 53% of all crypto coins have less volatile historical return distribution than Conflux Network, and 85% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
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Conflux Network Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Conflux Network's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Conflux Network, and traders can use it to determine the average amount a Conflux Network'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 = 0.1286
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Estimated Market Risk
| 5.96 actual daily | 53 53% of assets are less volatile |
Expected Return
| 0.77 actual daily | 15 85% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 10 90% of assets perform better |
Based on monthly moving average Conflux Network is performing at about 10% 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 Conflux Network by adding it to a well-diversified portfolio.
About Conflux Network Performance
By analyzing Conflux Network's fundamental ratios, stakeholders can gain valuable insights into Conflux Network's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Conflux Network 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 Conflux Network has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Conflux Network is peer-to-peer digital currency powered by the Blockchain technology.| Conflux Network is way too risky over 90 days horizon | |
| Conflux Network has some characteristics of a very speculative cryptocurrency | |
| Conflux Network 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 Conflux Network. 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 Insider Screener module to find insiders across different sectors to evaluate their impact on performance.