OAX Performance
| OAX Crypto | USD 0.02 0.01 29.66% |
The entity holds a Beta of 0.82, which implies possible diversification benefits within a given portfolio. As returns on the market increase, OAX's returns are expected to increase less than the market. However, during the bear market, the loss of holding OAX is expected to be smaller as well.
Risk-Adjusted Performance
Weak
Weak | Strong |
Compared to the overall equity markets, risk-adjusted returns on investments in OAX are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, OAX exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
OAX |
OAX Relative Risk vs. Return Landscape
If you would invest 3.01 in OAX on December 17, 2024 and sell it today you would lose (0.97) from holding OAX or give up 32.23% of portfolio value over 90 days. OAX is generating 0.7458% of daily returns assuming 20.243% volatility of returns over the 90 days investment horizon. Simply put, majority of traded equity instruments are less risky than OAX 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 |
OAX Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for OAX's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as OAX, and traders can use it to determine the average amount a OAX'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 = 0.0368
| Best Portfolio | Best Equity | |||
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| Small Returns | OAX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 20.24 actual daily | 96 96% of assets are less volatile |
Expected Return
| 0.75 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 2 98% of assets perform better |
Based on monthly moving average OAX is performing at about 2% 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 OAX by adding it to a well-diversified portfolio.
About OAX Performance
By analyzing OAX's fundamental ratios, stakeholders can gain valuable insights into OAX's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if OAX 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 OAX has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
OAX is peer-to-peer digital currency powered by the Blockchain technology.| OAX is way too risky over 90 days horizon | |
| OAX has some characteristics of a very speculative cryptocurrency | |
| OAX appears to be risky and price may revert if volatility continues |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OAX. 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 File Import module to quickly import all of your third-party portfolios from your local drive in csv format.