Synthetix Performance
| SNX Crypto | USD 2.41 0.01 0.41% |
The entity has a beta of 1.15, which indicates a somewhat significant risk relative to the market. Synthetix returns are very sensitive to returns on the market. As the market goes up or down, Synthetix is expected to follow.
Risk-Adjusted Performance
16 of 100
Weak | Strong |
Solid
Compared to the overall equity markets, risk-adjusted returns on investments in Synthetix are ranked lower than 16 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, Synthetix exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Synthetix |
Synthetix Relative Risk vs. Return Landscape
If you would invest 134.00 in Synthetix on August 30, 2024 and sell it today you would earn a total of 107.00 from holding Synthetix or generate 79.85% return on investment over 90 days. Synthetix is generating 1.0519% of daily returns assuming 5.1539% volatility of returns over the 90 days investment horizon. Simply put, 45% of all crypto coins have less volatile historical return distribution than Synthetix, and 80% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Synthetix Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Synthetix's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Synthetix, and traders can use it to determine the average amount a Synthetix'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 = 0.2041
| Best Portfolio | Best Equity | |||
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| Small Returns | SNX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 5.15 actual daily | 45 55% of assets are more volatile |
Expected Return
| 1.05 actual daily | 20 80% of assets have higher returns |
Risk-Adjusted Return
| 0.2 actual daily | 16 84% of assets perform better |
Based on monthly moving average Synthetix is performing at about 16% 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 Synthetix by adding it to a well-diversified portfolio.
About Synthetix Performance
By analyzing Synthetix's fundamental ratios, stakeholders can gain valuable insights into Synthetix's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Synthetix 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 Synthetix has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Synthetix is peer-to-peer digital currency powered by the Blockchain technology.| Synthetix is way too risky over 90 days horizon | |
| Synthetix 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 Synthetix. 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 Portfolio Holdings module to check your current holdings and cash postion to detemine if your portfolio needs rebalancing.