EVX Performance
| EVX Crypto | USD 0 0.000001 0.04% |
The crypto shows a Beta (market volatility) of -0.0045, which means not very significant fluctuations relative to the market. As returns on the market increase, returns on owning EVX are expected to decrease at a much lower rate. During the bear market, EVX is likely to outperform the market.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days EVX has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound basic indicators, EVX is not utilizing all of its potentials. The latest stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
EVX |
EVX Relative Risk vs. Return Landscape
If you would invest 0.25 in EVX on December 1, 2024 and sell it today you would lose 0.00 from holding EVX or give up 0.08% of portfolio value over 90 days. EVX is producing return of less than zero assuming 0.0372% volatility of returns over the 90 days investment horizon. Simply put, 0% of all crypto coins have less volatile historical return distribution than EVX, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
EVX Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for EVX's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as EVX, and traders can use it to determine the average amount a EVX'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 = -0.0333
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Based on monthly moving average EVX 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 EVX by adding EVX to a well-diversified portfolio.
About EVX Performance
By analyzing EVX's fundamental ratios, stakeholders can gain valuable insights into EVX's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if EVX 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 EVX has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
EVX is peer-to-peer digital currency powered by the Blockchain technology.| EVX generated a negative expected return over the last 90 days | |
| EVX 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 EVX. 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 Stocks Directory module to find actively traded stocks across global markets.