ETN Performance
| ETN Crypto | USD 0 0.0004 21.40% |
The crypto shows a Beta (market volatility) of 2.63, 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, ETN will likely underperform.
Risk-Adjusted Performance
Weak
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in ETN are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, ETN exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
ETN |
ETN Relative Risk vs. Return Landscape
If you would invest 0.30 in ETN on December 17, 2024 and sell it today you would lose (0.10) from holding ETN or give up 31.82% of portfolio value over 90 days. ETN is generating 0.7292% of daily returns assuming 16.668% volatility of returns over the 90 days investment horizon. Simply put, majority of traded equity instruments are less risky than ETN on the basis of their historical return distribution, and most equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
ETN Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ETN's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as ETN, and traders can use it to determine the average amount a ETN'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 = 0.0437
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ETN | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 16.67 actual daily | 96 96% of assets are less volatile |
Expected Return
| 0.73 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average ETN 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 ETN by adding it to a well-diversified portfolio.
About ETN Performance
By analyzing ETN's fundamental ratios, stakeholders can gain valuable insights into ETN's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if ETN 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 ETN has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
ETN is peer-to-peer digital currency powered by the Blockchain technology.| ETN is way too risky over 90 days horizon | |
| ETN has some characteristics of a very speculative cryptocurrency | |
| ETN appears to be risky and price may revert if volatility continues |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in ETN. 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.