PAY Performance
| PAY Crypto | USD 0.01 0.0007 10.14% |
The entity holds a Beta of -1.44, which implies a somewhat significant risk relative to the market. As returns on the market increase, returns on owning PAY are expected to decrease by larger amounts. On the other hand, during market turmoil, PAY is expected to outperform it.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days PAY has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of rather sound basic indicators, PAY is not utilizing all of its potentials. The latest stock price tumult, may contribute to shorter-term losses for the shareholders. ...more
PAY |
PAY Relative Risk vs. Return Landscape
If you would invest 0.67 in PAY on November 27, 2024 and sell it today you would lose (0.08) from holding PAY or give up 11.65% of portfolio value over 90 days. PAY is producing return of less than zero assuming 5.1527% volatility of returns over the 90 days investment horizon. Simply put, 45% of all crypto coins have less volatile historical return distribution than PAY, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
PAY Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for PAY's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as PAY, and traders can use it to determine the average amount a PAY'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 = -0.0119
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | PAY |
Estimated Market Risk
| 5.15 actual daily | 45 55% of assets are more volatile |
Expected Return
| -0.06 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average PAY 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 PAY by adding PAY to a well-diversified portfolio.
About PAY Performance
By analyzing PAY's fundamental ratios, stakeholders can gain valuable insights into PAY's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if PAY 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 PAY has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
PAY is peer-to-peer digital currency powered by the Blockchain technology.| PAY generated a negative expected return over the last 90 days | |
| PAY has high historical volatility and very poor performance | |
| PAY has some characteristics of a very speculative cryptocurrency |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in PAY. 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 My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.