COFI Performance
| COFI Crypto | USD 0.0004 0.000013 3.29% |
The crypto shows a Beta (market volatility) of -0.22, which signifies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning COFI are expected to decrease at a much lower rate. During the bear market, COFI is likely to outperform the market.
Risk-Adjusted Performance
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Over the last 90 days COFI has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unsteady performance in the last few months, the Crypto's fundamental indicators remain rather sound which may send shares a bit higher in December 2024. The latest tumult may also be a sign of longer-term up-swing for COFI shareholders. ...more
1 | SEC Flags Risks in Crypto and Emerging Tech Investment Scams - Bitcoin.com News | 10/07/2024 |
COFI |
COFI Relative Risk vs. Return Landscape
If you would invest 0.05 in COFI on September 1, 2024 and sell it today you would lose (0.01) from holding COFI or give up 19.21% of portfolio value over 90 days. COFI is generating negative expected returns and assumes 3.5491% volatility on return distribution over the 90 days horizon. Simply put, 31% of crypto coins are less volatile than COFI, and 99% 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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COFI Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for COFI's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as COFI, and traders can use it to determine the average amount a COFI'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 = -0.0748
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| Negative Returns | COFI |
Estimated Market Risk
| 3.55 actual daily | 31 69% of assets are more volatile |
Expected Return
| -0.27 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average COFI is not performing at its full potential. However, 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 COFI by adding COFI to a well-diversified portfolio.
About COFI Performance
By analyzing COFI's fundamental ratios, stakeholders can gain valuable insights into COFI's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if COFI 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 COFI has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
COFI is peer-to-peer digital currency powered by the Blockchain technology.| COFI generated a negative expected return over the last 90 days | |
| COFI has some characteristics of a very speculative cryptocurrency | |
| COFI has high historical volatility and very poor performance |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in COFI. 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 Portfolio Diagnostics module to use generated alerts and portfolio events aggregator to diagnose current holdings.