NANO Performance
| NANO Crypto | USD 1.47 0.07 5.00% |
The entity secures a Beta (Market Risk) of 0.36, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, NANO's returns are expected to increase less than the market. However, during the bear market, the loss of holding NANO is expected to be smaller as well.
Risk-Adjusted Performance
15 of 100
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Good
Compared to the overall equity markets, risk-adjusted returns on investments in NANO are ranked lower than 15 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, NANO exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
NANO |
NANO Relative Risk vs. Return Landscape
If you would invest 85.00 in NANO on September 1, 2024 and sell it today you would earn a total of 54.00 from holding NANO or generate 63.53% return on investment over 90 days. NANO is generating 0.8456% of daily returns and assumes 4.2169% volatility on return distribution over the 90 days horizon. Simply put, 37% of crypto coins are less volatile than NANO, and 84% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
NANO Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NANO's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as NANO, and traders can use it to determine the average amount a NANO'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 = 0.2005
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 4.22 actual daily | 37 63% of assets are more volatile |
Expected Return
| 0.85 actual daily | 16 84% of assets have higher returns |
Risk-Adjusted Return
| 0.2 actual daily | 15 85% of assets perform better |
Based on monthly moving average NANO is performing at about 15% 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 NANO by adding it to a well-diversified portfolio.
About NANO Performance
By analyzing NANO's fundamental ratios, stakeholders can gain valuable insights into NANO's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if NANO 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 NANO has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
NANO is peer-to-peer digital currency powered by the Blockchain technology.| NANO may become a speculative penny crypto | |
| NANO 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 NANO. 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 Exposure Probability module to analyze equity upside and downside potential for a given time horizon across multiple markets.