Near Performance
| NEAR Crypto | USD 2.65 0.01 0.38% |
The crypto secures a Beta (Market Risk) of 0.33, which conveys possible diversification benefits within a given portfolio. As returns on the market increase, Near's returns are expected to increase less than the market. However, during the bear market, the loss of holding Near is expected to be smaller as well.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Near 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 Near shareholders. ...more
Near |
Near Relative Risk vs. Return Landscape
If you would invest 520.00 in Near on December 18, 2024 and sell it today you would lose (255.00) from holding Near or give up 49.04% of portfolio value over 90 days. Near is generating negative expected returns and assumes 6.3288% volatility on return distribution over the 90 days horizon. Simply put, 56% of crypto coins are less volatile than Near, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Near Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Near's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Near, and traders can use it to determine the average amount a Near'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 = -0.1358
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | NEAR |
Estimated Market Risk
| 6.33 actual daily | 56 56% of assets are less volatile |
Expected Return
| -0.86 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.14 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Near 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 Near by adding Near to a well-diversified portfolio.
About Near Performance
By analyzing Near's fundamental ratios, stakeholders can gain valuable insights into Near's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Near 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 Near has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Near is peer-to-peer digital currency powered by the Blockchain technology.| Near generated a negative expected return over the last 90 days | |
| Near has high historical volatility and very poor performance |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in Near. 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 Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.