0x Performance
| ZRX Crypto | USD 0.29 0.03 9.38% |
The crypto shows a Beta (market volatility) of 0.65, which signifies possible diversification benefits within a given portfolio. As returns on the market increase, 0x's returns are expected to increase less than the market. However, during the bear market, the loss of holding 0x is expected to be smaller as well.
Risk-Adjusted Performance
Very Weak
Weak | Strong |
Over the last 90 days 0x 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 basic indicators remain rather sound which may send shares a bit higher in March 2025. The latest tumult may also be a sign of longer-term up-swing for 0x shareholders. ...more
0x |
0x Relative Risk vs. Return Landscape
If you would invest 55.00 in 0x on November 27, 2024 and sell it today you would lose (26.00) from holding 0x or give up 47.27% of portfolio value over 90 days. 0x is producing return of less than zero assuming 7.4206% volatility of returns over the 90 days investment horizon. Simply put, 66% of all crypto coins have less volatile historical return distribution than 0x, and 99% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
0x Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for 0x's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as 0x, and traders can use it to determine the average amount a 0x'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 = -0.0982
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns | ZRX |
Estimated Market Risk
| 7.42 actual daily | 66 66% of assets are less volatile |
Expected Return
| -0.73 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.1 actual daily | 0 Most of other assets perform better |
Based on monthly moving average 0x 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 0x by adding 0x to a well-diversified portfolio.
About 0x Performance
By analyzing 0x's fundamental ratios, stakeholders can gain valuable insights into 0x's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if 0x 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 0x has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
0x is peer-to-peer digital currency powered by the Blockchain technology.| 0x generated a negative expected return over the last 90 days | |
| 0x has high historical volatility and very poor performance | |
| 0x has some characteristics of a very speculative cryptocurrency | |
| Latest headline from news.google.com: Canadas Crypto Industry Turns to Alberta Government-Owned Bank - Bloomberg |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in 0x. 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 Suggestion module to get suggestions outside of your existing asset allocation including your own model portfolios.