The entity shows a Beta (market volatility) of 0.0, which signifies not very significant fluctuations relative to the market. the returns on MARKET and 21Shares Decentraland are completely uncorrelated.
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Over the last 90 days 21Shares Decentraland ETP has generated negative risk-adjusted returns adding no value to investors with long positions. Despite somewhat strong basic indicators, 21Shares Decentraland is not utilizing all of its potentials. The latest stock price disturbance, may contribute to short-term losses for the investors. ...more
21Shares
21Shares Decentraland Relative Risk vs. Return Landscape
If you would invest 337.00 in 21Shares Decentraland ETP on December 27, 2024 and sell it today you would earn a total of 0.00 from holding 21Shares Decentraland ETP or generate 0.0% return on investment over 90 days. 21Shares Decentraland ETP is generating negative expected returns and assumes 0.0% volatility on return distribution over the 90 days horizon. Simply put, 0% of etfs are less volatile than 21Shares, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days.
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21Shares Decentraland Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for 21Shares Decentraland's investment risk. Standard deviation is the most common way to measure market volatility of etfs, such as 21Shares Decentraland ETP, and traders can use it to determine the average amount a 21Shares Decentraland'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 = 0.0
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Based on monthly moving average 21Shares Decentraland 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 21Shares Decentraland by adding 21Shares Decentraland to a well-diversified portfolio.
21Shares Decentraland is not yet fully synchronised with the market data
21Shares Decentraland generated a negative expected return over the last 90 days