Enjin Coin Performance
| ENJ Crypto | USD 0.09 0.0003 0.32% |
The crypto shows a Beta (market volatility) of -0.86, which means possible diversification benefits within a given portfolio. As the market becomes more bullish, returns on owning Enjin Coin are expected to decrease slowly. On the other hand, during market turmoil, Enjin Coin is expected to outperform it slightly.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Enjin Coin 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 forward-looking indicators remain rather sound which may send shares a bit higher in April 2025. The latest tumult may also be a sign of longer-term up-swing for Enjin Coin shareholders. ...more
Enjin |
Enjin Coin Relative Risk vs. Return Landscape
If you would invest 22.00 in Enjin Coin on December 20, 2024 and sell it today you would lose (12.52) from holding Enjin Coin or give up 56.91% of portfolio value over 90 days. Enjin Coin is producing return of less than zero assuming 6.284% volatility of returns over the 90 days investment horizon. Simply put, 56% of all crypto coins have less volatile historical return distribution than Enjin Coin, 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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Enjin Coin Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Enjin Coin's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Enjin Coin, and traders can use it to determine the average amount a Enjin Coin'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 = -0.1766
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| Negative Returns | ENJ |
Estimated Market Risk
| 6.28 actual daily | 56 56% of assets are less volatile |
Expected Return
| -1.11 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.18 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Enjin Coin 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 Enjin Coin by adding Enjin Coin to a well-diversified portfolio.
About Enjin Coin Performance
By analyzing Enjin Coin's fundamental ratios, stakeholders can gain valuable insights into Enjin Coin's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Enjin Coin 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 Enjin Coin has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Enjin Coin is peer-to-peer digital currency powered by the Blockchain technology.| Enjin Coin generated a negative expected return over the last 90 days | |
| Enjin Coin has high historical volatility and very poor performance | |
| Enjin Coin 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 Enjin Coin. 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 Center module to all portfolio management and optimization tools to improve performance of your portfolios.