SKM Performance
| SKM Crypto | USD 0.000039 0.000014 56.00% |
The entity has a beta of 1.89, which indicates 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, SKM will likely underperform.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days SKM has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of latest unsteady performance, the Crypto's primary indicators remain sound and the latest tumult on Wall Street may also be a sign of longer-term gains for SKM shareholders. ...more
SKM |
SKM Relative Risk vs. Return Landscape
If you would invest 0.01 in SKM on December 17, 2024 and sell it today you would lose 0.00 from holding SKM or give up 45.83% of portfolio value over 90 days. SKM is producing return of less than zero assuming 12.9944% volatility of returns over the 90 days investment horizon. Simply put, majority of traded equity instruments are less risky than SKM 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 |
SKM Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for SKM's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as SKM, and traders can use it to determine the average amount a SKM'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 = -0.0122
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | SKM |
Estimated Market Risk
| 12.99 actual daily | 96 96% of assets are less volatile |
Expected Return
| -0.16 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 SKM 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 SKM by adding SKM to a well-diversified portfolio.
About SKM Performance
By analyzing SKM's fundamental ratios, stakeholders can gain valuable insights into SKM's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if SKM 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 SKM has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
SKM is peer-to-peer digital currency powered by the Blockchain technology.| SKM generated a negative expected return over the last 90 days | |
| SKM has high historical volatility and very poor performance | |
| SKM has some characteristics of a very speculative cryptocurrency |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in SKM. 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 Financial Widgets module to easily integrated Macroaxis content with over 30 different plug-and-play financial widgets.