WEMIX Performance
| WEMIX Crypto | USD 1.24 0.01 0.80% |
The entity maintains a market beta of -0.42, which attests to possible diversification benefits within a given portfolio. As returns on the market increase, returns on owning WEMIX are expected to decrease at a much lower rate. During the bear market, WEMIX is likely to outperform the market.
Risk-Adjusted Performance
9 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in WEMIX are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, WEMIX exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
WEMIX |
WEMIX Relative Risk vs. Return Landscape
If you would invest 86.00 in WEMIX on September 1, 2024 and sell it today you would earn a total of 38.00 from holding WEMIX or generate 44.19% return on investment over 90 days. WEMIX is generating 0.71% of daily returns and assumes 5.6471% volatility on return distribution over the 90 days horizon. Simply put, 50% of crypto coins are less volatile than WEMIX, and 86% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
WEMIX Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for WEMIX's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as WEMIX, and traders can use it to determine the average amount a WEMIX'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 = 0.1257
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 5.65 actual daily | 50 50% of assets are less volatile |
Expected Return
| 0.71 actual daily | 14 86% of assets have higher returns |
Risk-Adjusted Return
| 0.13 actual daily | 9 91% of assets perform better |
Based on monthly moving average WEMIX is performing at about 9% 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 WEMIX by adding it to a well-diversified portfolio.
About WEMIX Performance
By analyzing WEMIX's fundamental ratios, stakeholders can gain valuable insights into WEMIX's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if WEMIX 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 WEMIX has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
WEMIX is peer-to-peer digital currency powered by the Blockchain technology.| WEMIX is way too risky over 90 days horizon | |
| WEMIX may become a speculative penny crypto | |
| WEMIX appears to be risky and price may revert if volatility continues |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in WEMIX. 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 Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.