Gigachad Performance
| GIGA Crypto | USD 0.09 0 3.24% |
The crypto retains a Market Volatility (i.e., Beta) of 0.39, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, Gigachad's returns are expected to increase less than the market. However, during the bear market, the loss of holding Gigachad is expected to be smaller as well.
Risk-Adjusted Performance
14 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Gigachad are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, Gigachad exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Gigachad |
Gigachad Relative Risk vs. Return Landscape
If you would invest 0.00 in Gigachad on October 8, 2024 and sell it today you would earn a total of 8.67 from holding Gigachad or generate 9.223372036854776E16% return on investment over 90 days. Gigachad is generating 31.6238% of daily returns and assumes 176.1197% volatility on return distribution over the 90 days horizon. Simply put, majority of traded equity instruments are less risky than Gigachad 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 |
Gigachad Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Gigachad's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Gigachad, and traders can use it to determine the average amount a Gigachad'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 = 0.1796
| Best Portfolio | Best Equity | GIGA | ||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 176.12 actual daily | 96 96% of assets are less volatile |
Expected Return
| 5.01 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average Gigachad is performing at about 14% 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 Gigachad by adding it to a well-diversified portfolio.
About Gigachad Performance
By analyzing Gigachad's fundamental ratios, stakeholders can gain valuable insights into Gigachad's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Gigachad 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 Gigachad has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Gigachad is peer-to-peer digital currency powered by the Blockchain technology.| Gigachad is way too risky over 90 days horizon | |
| Gigachad has some characteristics of a very speculative cryptocurrency | |
| Gigachad appears to be risky and price may revert if volatility continues |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Gigachad. 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 Equity Analysis module to research over 250,000 global equities including funds, stocks and ETFs to find investment opportunities.