Polymesh Performance
| POLYX Crypto | USD 0.37 0.01 2.63% |
The crypto holds a Beta of 0.43, which implies possible diversification benefits within a given portfolio. As returns on the market increase, Polymesh's returns are expected to increase less than the market. However, during the bear market, the loss of holding Polymesh is expected to be smaller as well.
Risk-Adjusted Performance
13 of 100
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Good
Compared to the overall equity markets, risk-adjusted returns on investments in Polymesh are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, Polymesh exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Polymesh |
Polymesh Relative Risk vs. Return Landscape
If you would invest 21.00 in Polymesh on August 30, 2024 and sell it today you would earn a total of 16.00 from holding Polymesh or generate 76.19% return on investment over 90 days. Polymesh is generating 1.063% of daily returns and assumes 6.0205% volatility on return distribution over the 90 days horizon. Simply put, 53% of crypto coins are less volatile than Polymesh, and 79% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Polymesh Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Polymesh's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Polymesh, and traders can use it to determine the average amount a Polymesh'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 = 0.1766
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 6.02 actual daily | 53 53% of assets are less volatile |
Expected Return
| 1.06 actual daily | 21 79% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 13 87% of assets perform better |
Based on monthly moving average Polymesh is performing at about 13% 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 Polymesh by adding it to a well-diversified portfolio.
About Polymesh Performance
By analyzing Polymesh's fundamental ratios, stakeholders can gain valuable insights into Polymesh's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Polymesh 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 Polymesh has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Polymesh is peer-to-peer digital currency powered by the Blockchain technology.| Polymesh is way too risky over 90 days horizon | |
| Polymesh has some characteristics of a very speculative cryptocurrency | |
| Polymesh 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 Polymesh. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in interest. You can also try the Share Portfolio module to track or share privately all of your investments from the convenience of any device.