Magic Eden Performance
| ME Crypto | USD 3.35 0.02 0.59% |
The crypto secures a Beta (Market Risk) of 0.92, which conveys possible diversification benefits within a given portfolio. Magic Eden returns are very sensitive to returns on the market. As the market goes up or down, Magic Eden is expected to follow.
Risk-Adjusted Performance
9 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Magic Eden are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, Magic Eden exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Magic |
Magic Eden Relative Risk vs. Return Landscape
If you would invest 0.06 in Magic Eden on October 6, 2024 and sell it today you would earn a total of 346.94 from holding Magic Eden or generate 558676.17% return on investment over 90 days. Magic Eden is currently producing 15.031% returns and takes up 125.8345% volatility of returns over 90 trading days. Put another way, most equities are less risky on the basis of their return distribution than Magic, and majority of traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
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Magic Eden Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Magic Eden's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Magic Eden, and traders can use it to determine the average amount a Magic Eden'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 = 0.1195
| Best Portfolio | Best Equity | ME | ||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 125.83 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
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Magic Eden is performing at about 9% 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 Magic Eden by adding it to a well-diversified portfolio.
About Magic Eden Performance
By analyzing Magic Eden's fundamental ratios, stakeholders can gain valuable insights into Magic Eden's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Magic Eden 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 Magic Eden has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Magic Eden is peer-to-peer digital currency powered by the Blockchain technology.| Magic Eden is way too risky over 90 days horizon | |
| Magic Eden appears to be risky and price may revert if volatility continues |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Magic Eden. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Content Syndication module to quickly integrate customizable finance content to your own investment portal.