KNC Performance
| KNC Crypto | USD 0.36 0.01 2.86% |
The crypto owns a Beta (Systematic Risk) of -0.5, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning KNC are expected to decrease at a much lower rate. During the bear market, KNC is likely to outperform the market.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days KNC 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 fundamental 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 KNC shareholders. ...more
KNC |
KNC Relative Risk vs. Return Landscape
If you would invest 50.00 in KNC on December 18, 2024 and sell it today you would lose (14.00) from holding KNC or give up 28.0% of portfolio value over 90 days. KNC is producing return of less than zero assuming 5.2912% volatility of returns over the 90 days investment horizon. Simply put, 47% of all crypto coins have less volatile historical return distribution than KNC, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
KNC Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for KNC's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as KNC, and traders can use it to determine the average amount a KNC'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 = -0.072
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | KNC |
Estimated Market Risk
| 5.29 actual daily | 47 53% of assets are more volatile |
Expected Return
| -0.38 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.07 actual daily | 0 Most of other assets perform better |
Based on monthly moving average KNC 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 KNC by adding KNC to a well-diversified portfolio.
About KNC Performance
By analyzing KNC's fundamental ratios, stakeholders can gain valuable insights into KNC's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if KNC 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 KNC has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
KNC is peer-to-peer digital currency powered by the Blockchain technology.| KNC generated a negative expected return over the last 90 days | |
| KNC has high historical volatility and very poor performance | |
| KNC has some characteristics of a very speculative cryptocurrency |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in KNC. 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 Price Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.