COV Performance
| COV Crypto | USD 0.32 0.01 3.23% |
The crypto shows a Beta (market volatility) of 0.1, which signifies not very significant fluctuations relative to the market. As returns on the market increase, COV's returns are expected to increase less than the market. However, during the bear market, the loss of holding COV is expected to be smaller as well.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days COV has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest unsteady performance, the Crypto's basic indicators remain sound and the latest tumult on Wall Street may also be a sign of longer-term gains for COV shareholders. ...more
COV |
COV Relative Risk vs. Return Landscape
If you would invest 37.00 in COV on December 17, 2024 and sell it today you would lose (5.00) from holding COV or give up 13.51% of portfolio value over 90 days. COV is producing return of less than zero assuming 2.7761% volatility of returns over the 90 days investment horizon. Simply put, 24% of all crypto coins have less volatile historical return distribution than COV, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
COV Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for COV's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as COV, and traders can use it to determine the average amount a COV'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 = -0.0679
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | COV |
Estimated Market Risk
| 2.78 actual daily | 24 76% of assets are more volatile |
Expected Return
| -0.19 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 COV 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 COV by adding COV to a well-diversified portfolio.
About COV Performance
By analyzing COV's fundamental ratios, stakeholders can gain valuable insights into COV's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if COV 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 COV has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
COV is peer-to-peer digital currency powered by the Blockchain technology.| COV generated a negative expected return over the last 90 days | |
| COV 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 COV. 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 Bond Analysis module to evaluate and analyze corporate bonds as a potential investment for your portfolios..