GNX Performance
| GNX Crypto | USD 0.0002 0.000097 33.33% |
The crypto retains a Market Volatility (i.e., Beta) of -3.48, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning GNX are expected to decrease by larger amounts. On the other hand, during market turmoil, GNX is expected to outperform it.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days GNX 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 basic 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 GNX shareholders. ...more
1 | Crypto Market Today Bitcoin Trades Sideways U.S SEC Reviews Grayscales XRP ETF - Coinpedia Fintech News | 02/14/2025 |
GNX |
GNX Relative Risk vs. Return Landscape
If you would invest 0.60 in GNX on December 17, 2024 and sell it today you would lose (0.58) from holding GNX or give up 96.77% of portfolio value over 90 days. GNX is producing return of less than zero assuming 14.3919% volatility of returns over the 90 days investment horizon. Simply put, majority of traded equity instruments are less risky than GNX 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 |
GNX Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for GNX's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as GNX, and traders can use it to determine the average amount a GNX'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 = -0.1496
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | GNX |
Estimated Market Risk
| 14.39 actual daily | 96 96% of assets are less volatile |
Expected Return
| -2.15 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.15 actual daily | 0 Most of other assets perform better |
Based on monthly moving average GNX 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 GNX by adding GNX to a well-diversified portfolio.
About GNX Performance
By analyzing GNX's fundamental ratios, stakeholders can gain valuable insights into GNX's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if GNX 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 GNX has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
GNX is peer-to-peer digital currency powered by the Blockchain technology.| GNX generated a negative expected return over the last 90 days | |
| GNX has high historical volatility and very poor performance | |
| GNX has some characteristics of a very speculative cryptocurrency |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in GNX. 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 Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.