ELA Performance
| ELA Crypto | USD 1.66 0.01 0.61% |
The crypto owns a Beta (Systematic Risk) of -2.03, which means a somewhat significant risk relative to the market. As returns on the market increase, returns on owning ELA are expected to decrease by larger amounts. On the other hand, during market turmoil, ELA is expected to outperform it.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days ELA 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 ELA shareholders. ...more
ELA |
ELA Relative Risk vs. Return Landscape
If you would invest 233.00 in ELA on December 17, 2024 and sell it today you would lose (67.00) from holding ELA or give up 28.76% of portfolio value over 90 days. ELA is producing return of less than zero assuming 9.0969% volatility of returns over the 90 days investment horizon. Simply put, 81% of all crypto coins have less volatile historical return distribution than ELA, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
ELA Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ELA's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as ELA, and traders can use it to determine the average amount a ELA'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 = -0.0192
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | ELA |
Estimated Market Risk
| 9.1 actual daily | 81 81% of assets are less volatile |
Expected Return
| -0.17 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.02 actual daily | 0 Most of other assets perform better |
Based on monthly moving average ELA 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 ELA by adding ELA to a well-diversified portfolio.
About ELA Performance
By analyzing ELA's fundamental ratios, stakeholders can gain valuable insights into ELA's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if ELA 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 ELA has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
ELA is peer-to-peer digital currency powered by the Blockchain technology.| ELA generated a negative expected return over the last 90 days | |
| ELA has high historical volatility and very poor performance | |
| ELA may become a speculative penny crypto |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ELA. 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 Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.