SIGNA Performance
| SIGNA Crypto | USD 0 0.0003 9.48% |
The entity has a beta of 0.45, which indicates possible diversification benefits within a given portfolio. As returns on the market increase, SIGNA's returns are expected to increase less than the market. However, during the bear market, the loss of holding SIGNA is expected to be smaller as well.
Risk-Adjusted Performance
14 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in SIGNA are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, SIGNA exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
SIGNA |
SIGNA Relative Risk vs. Return Landscape
If you would invest 0.18 in SIGNA on August 30, 2024 and sell it today you would earn a total of 0.08 from holding SIGNA or generate 47.23% return on investment over 90 days. SIGNA is generating 0.6698% of daily returns and assumes 3.6292% volatility on return distribution over the 90 days horizon. Simply put, 32% of crypto coins are less volatile than SIGNA, and 87% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
SIGNA Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for SIGNA's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as SIGNA, and traders can use it to determine the average amount a SIGNA'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 = 0.1846
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.63 actual daily | 32 68% of assets are more volatile |
Expected Return
| 0.67 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.18 actual daily | 14 86% of assets perform better |
Based on monthly moving average SIGNA is performing at about 14% 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 SIGNA by adding it to a well-diversified portfolio.
About SIGNA Performance
By analyzing SIGNA's fundamental ratios, stakeholders can gain valuable insights into SIGNA's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if SIGNA 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 SIGNA has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
SIGNA is peer-to-peer digital currency powered by the Blockchain technology.| SIGNA has some characteristics of a very speculative cryptocurrency | |
| SIGNA appears to be risky and price may revert if volatility continues |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SIGNA. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Global Correlations module to find global opportunities by holding instruments from different markets.