OmiseGO Performance
| OMG Crypto | USD 0.49 0.01 2.08% |
The crypto holds a Beta of 1.19, which implies 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, OmiseGO will likely underperform.
Risk-Adjusted Performance
15 of 100
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Good
Compared to the overall equity markets, risk-adjusted returns on investments in OmiseGO are ranked lower than 15 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady technical and fundamental indicators, OmiseGO exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Which Cryptocurrency Below 0.50 Will Turn 100 into 10,000 by 2025 - Brave New Coin Insights | 09/24/2024 |
OmiseGO |
OmiseGO Relative Risk vs. Return Landscape
If you would invest 21.00 in OmiseGO on September 1, 2024 and sell it today you would earn a total of 28.00 from holding OmiseGO or generate 133.33% return on investment over 90 days. OmiseGO is generating 1.6109% of daily returns assuming 8.2732% volatility of returns over the 90 days investment horizon. Simply put, 73% of all crypto coins have less volatile historical return distribution than OmiseGO, and 68% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
OmiseGO Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for OmiseGO's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as OmiseGO, and traders can use it to determine the average amount a OmiseGO'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 = 0.1947
| Best Portfolio | Best Equity | |||
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| Average Returns | OMG | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 8.27 actual daily | 73 73% of assets are less volatile |
Expected Return
| 1.61 actual daily | 32 68% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 15 85% of assets perform better |
Based on monthly moving average OmiseGO 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 OmiseGO by adding it to a well-diversified portfolio.
About OmiseGO Performance
By analyzing OmiseGO's fundamental ratios, stakeholders can gain valuable insights into OmiseGO's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if OmiseGO 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 OmiseGO has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
OMG is peer-to-peer digital currency powered by the Blockchain technology.| OmiseGO is way too risky over 90 days horizon | |
| OmiseGO has some characteristics of a very speculative cryptocurrency | |
| OmiseGO 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 OmiseGO. 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 Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .