ETP Performance
| ETP Crypto | USD 0 0.0001 3.62% |
The crypto shows a Beta (market volatility) of 22.17, 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, ETP will likely underperform.
Risk-Adjusted Performance
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Weak | Strong |
Over the last 90 days ETP 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 ETP shareholders. ...more
ETP |
ETP Relative Risk vs. Return Landscape
If you would invest 0.60 in ETP on December 17, 2024 and sell it today you would lose (0.22) from holding ETP or give up 36.38% of portfolio value over 90 days. ETP is producing return of less than zero assuming 10.0735% volatility of returns over the 90 days investment horizon. Simply put, 89% of all crypto coins have less volatile historical return distribution than ETP, 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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ETP Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ETP's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as ETP, and traders can use it to determine the average amount a ETP'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 = -0.0178
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | ETP |
Estimated Market Risk
| 10.07 actual daily | 89 89% of assets are less volatile |
Expected Return
| -0.18 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 ETP 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 ETP by adding ETP to a well-diversified portfolio.
About ETP Performance
By analyzing ETP's fundamental ratios, stakeholders can gain valuable insights into ETP's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if ETP 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 ETP has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
ETP is peer-to-peer digital currency powered by the Blockchain technology.| ETP generated a negative expected return over the last 90 days | |
| ETP has high historical volatility and very poor performance | |
| ETP 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 ETP. 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 Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.