IDEX Performance
| IDEX Crypto | USD 0.05 0.0002 0.44% |
The crypto retains a Market Volatility (i.e., Beta) of 1.15, which attests to a somewhat significant risk relative to the market. IDEX returns are very sensitive to returns on the market. As the market goes up or down, IDEX is expected to follow.
Risk-Adjusted Performance
4 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in IDEX are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, IDEX exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
IDEX |
IDEX Relative Risk vs. Return Landscape
If you would invest 4.07 in IDEX on August 30, 2024 and sell it today you would earn a total of 0.46 from holding IDEX or generate 11.3% return on investment over 90 days. IDEX is generating 0.2665% of daily returns and assumes 4.4933% volatility on return distribution over the 90 days horizon. Simply put, 40% of crypto coins are less volatile than IDEX, and 95% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
IDEX Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for IDEX's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as IDEX, and traders can use it to determine the average amount a IDEX'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 = 0.0593
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
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| Small Returns | IDEX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 4.49 actual daily | 39 61% of assets are more volatile |
Expected Return
| 0.27 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average IDEX is performing at about 4% 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 IDEX by adding it to a well-diversified portfolio.
About IDEX Performance
By analyzing IDEX's fundamental ratios, stakeholders can gain valuable insights into IDEX's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if IDEX 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 IDEX has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
IDEX is peer-to-peer digital currency powered by the Blockchain technology.| IDEX has some characteristics of a very speculative cryptocurrency | |
| IDEX had very high historical volatility over the last 90 days |
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in IDEX. 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 Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.