ELEC Performance
| ELEC Crypto | USD 0.0002 0.000011 6.04% |
The crypto shows a Beta (market volatility) of 1.7, which means 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, ELEC will likely underperform.
Risk-Adjusted Performance
3 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in ELEC are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, ELEC exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
ELEC |
ELEC Relative Risk vs. Return Landscape
If you would invest 0.02 in ELEC on September 1, 2024 and sell it today you would lose 0.00 from holding ELEC or give up 1.76% of portfolio value over 90 days. ELEC is generating 0.3552% of daily returns and assumes 8.9552% volatility on return distribution over the 90 days horizon. Simply put, 79% of crypto coins are less volatile than ELEC, and 93% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
ELEC Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ELEC's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as ELEC, and traders can use it to determine the average amount a ELEC'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 = 0.0397
| Best Portfolio | Best Equity | |||
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| Small Returns | ELEC | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 8.96 actual daily | 79 79% of assets are less volatile |
Expected Return
| 0.36 actual daily | 7 93% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average ELEC is performing at about 3% 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 ELEC by adding it to a well-diversified portfolio.
About ELEC Performance
By analyzing ELEC's fundamental ratios, stakeholders can gain valuable insights into ELEC's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if ELEC 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 ELEC has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
ELEC is peer-to-peer digital currency powered by the Blockchain technology.| ELEC had very high historical volatility over the last 90 days | |
| ELEC has some characteristics of a very speculative cryptocurrency |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ELEC. 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 Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.