NEW Performance
| NEW Crypto | USD 0.01 0.00 0.00% |
The crypto secures a Beta (Market Risk) of 5.06, which conveys a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, NEW will likely underperform.
Risk-Adjusted Performance
Solid
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in NEW are ranked lower than 25 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, NEW exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
NEW |
NEW Relative Risk vs. Return Landscape
If you would invest 0.01 in NEW on December 17, 2024 and sell it today you would earn a total of 1.29 from holding NEW or generate 17233.33% return on investment over 90 days. NEW is generating 12.7798% of daily returns assuming 39.9457% volatility of returns over the 90 days investment horizon. Simply put, majority of traded equity instruments are less risky than NEW on the basis of their historical return distribution, and most equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
NEW Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for NEW's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as NEW, and traders can use it to determine the average amount a NEW'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 = 0.3199
| Best Portfolio | Best Equity | NEW | ||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 39.95 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
| 0.32 actual daily | 25 75% of assets perform better |
Based on monthly moving average NEW is performing at about 25% 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 NEW by adding it to a well-diversified portfolio.
About NEW Performance
By analyzing NEW's fundamental ratios, stakeholders can gain valuable insights into NEW's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if NEW 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 NEW has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
NEW is peer-to-peer digital currency powered by the Blockchain technology.| NEW is way too risky over 90 days horizon | |
| NEW has some characteristics of a very speculative cryptocurrency | |
| NEW 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 NEW. 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 Transformation module to use Price Transformation models to analyze the depth of different equity instruments across global markets.