ZkSync Performance
| ZK Crypto | USD 0.18 0.02 12.50% |
The entity maintains a market beta of 0.94, which attests to possible diversification benefits within a given portfolio. ZkSync returns are very sensitive to returns on the market. As the market goes up or down, ZkSync is expected to follow.
Risk-Adjusted Performance
13 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in zkSync are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, ZkSync exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
ZkSync |
ZkSync Relative Risk vs. Return Landscape
If you would invest 10.00 in zkSync on August 30, 2024 and sell it today you would earn a total of 8.00 from holding zkSync or generate 80.0% return on investment over 90 days. zkSync is currently producing 1.1306% returns and takes up 6.4914% volatility of returns over 90 trading days. Put another way, 57% of traded crypto coins are less volatile than ZkSync, and 78% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
| Risk |
ZkSync Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ZkSync's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as zkSync, and traders can use it to determine the average amount a ZkSync'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 = 0.1742
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 6.49 actual daily | 57 57% of assets are less volatile |
Expected Return
| 1.13 actual daily | 22 78% of assets have higher returns |
Risk-Adjusted Return
| 0.17 actual daily | 13 87% of assets perform better |
Based on monthly moving average ZkSync is performing at about 13% 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 ZkSync by adding it to a well-diversified portfolio.
About ZkSync Performance
By analyzing ZkSync's fundamental ratios, stakeholders can gain valuable insights into ZkSync's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if ZkSync 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 ZkSync has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
zkSync is peer-to-peer digital currency powered by the Blockchain technology.| zkSync is way too risky over 90 days horizon | |
| zkSync has some characteristics of a very speculative cryptocurrency | |
| zkSync 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 zkSync. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators. You can also try the Pattern Recognition module to use different Pattern Recognition models to time the market across multiple global exchanges.