Worldwide Asset Performance
| WAXP Crypto | USD 0.03 0.0005 1.66% |
The entity maintains a market beta of -1.91, which attests to a somewhat significant risk relative to the market. As returns on the market increase, returns on owning Worldwide Asset are expected to decrease by larger amounts. On the other hand, during market turmoil, Worldwide Asset is expected to outperform it.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days Worldwide Asset eXchange has generated negative risk-adjusted returns adding no value to investors with long positions. In spite of unsteady performance in the last few months, the Crypto's fundamental indicators remain rather sound which may send shares a bit higher in April 2025. The latest tumult may also be a sign of longer-term up-swing for Worldwide Asset eXchange shareholders. ...more
Worldwide |
Worldwide Asset Relative Risk vs. Return Landscape
If you would invest 6.02 in Worldwide Asset eXchange on December 1, 2024 and sell it today you would lose (3.05) from holding Worldwide Asset eXchange or give up 50.66% of portfolio value over 90 days. Worldwide Asset eXchange is generating negative expected returns and assumes 6.2397% volatility on return distribution over the 90 days horizon. Simply put, 55% of crypto coins are less volatile than Worldwide, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Worldwide Asset Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Worldwide Asset's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Worldwide Asset eXchange, and traders can use it to determine the average amount a Worldwide Asset'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 = -0.1443
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | WAXP |
Estimated Market Risk
| 6.24 actual daily | 55 55% of assets are less volatile |
Expected Return
| -0.9 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.14 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Worldwide Asset 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 Worldwide Asset by adding Worldwide Asset to a well-diversified portfolio.
About Worldwide Asset Performance
By analyzing Worldwide Asset's fundamental ratios, stakeholders can gain valuable insights into Worldwide Asset's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Worldwide Asset 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 Worldwide Asset has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Worldwide Asset eXchange is peer-to-peer digital currency powered by the Blockchain technology.| Worldwide Asset generated a negative expected return over the last 90 days | |
| Worldwide Asset has high historical volatility and very poor performance | |
| Worldwide Asset has some characteristics of a very speculative cryptocurrency | |
| Latest headline from news.google.com: Aston Martin claim F1 first with sponsorship paid in crypto - Reuters |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Worldwide Asset eXchange. 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 CEOs Directory module to screen CEOs from public companies around the world.