MTX Performance
| MTX Crypto | USD 0 0.0002 9.14% |
The crypto secures a Beta (Market Risk) of -0.28, which conveys not very significant fluctuations relative to the market. As returns on the market increase, returns on owning MTX are expected to decrease at a much lower rate. During the bear market, MTX is likely to outperform the market.
Risk-Adjusted Performance
Insignificant
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in MTX are ranked lower than 3 (%) of all global equities and portfolios over the last 90 days. In spite of rather sound basic indicators, MTX is not utilizing all of its potentials. The latest stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
MTX |
MTX Relative Risk vs. Return Landscape
If you would invest 0.29 in MTX on November 27, 2024 and sell it today you would earn a total of 0.01 from holding MTX or generate 4.56% return on investment over 90 days. MTX is generating 0.0944% of daily returns assuming 2.1892% volatility of returns over the 90 days investment horizon. Simply put, 19% of all crypto coins have less volatile historical return distribution than MTX, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
MTX Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for MTX's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as MTX, and traders can use it to determine the average amount a MTX'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 = 0.0431
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | MTX | High Risk | Huge Risk |
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Estimated Market Risk
| 2.19 actual daily | 19 81% of assets are more volatile |
Expected Return
| 0.09 actual daily | 1 99% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 3 97% of assets perform better |
Based on monthly moving average MTX is performing at about 3% 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 MTX by adding it to a well-diversified portfolio.
About MTX Performance
By analyzing MTX's fundamental ratios, stakeholders can gain valuable insights into MTX's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if MTX 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 MTX has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
MTX is peer-to-peer digital currency powered by the Blockchain technology.| MTX 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 MTX. 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 Portfolio Volatility module to check portfolio volatility and analyze historical return density to properly model market risk.