Phala Network Competition

PHA Crypto  USD 0.21  0.01  5.00%   
Phala Network competes with Solana, XRP, Open Network, Staked Ether, and Ethena; as well as few others. The company operates under Blockchain sector and is part of Cryptocurrency industry. Analyzing Phala Network competition allows you to expand the diversification possibilities of your existing portfolios and to get a better perspective on locking in new positions. Investors sometimes prefer comparable analysis of Phala Network to its intrinsic valuation because they are able to contrast its competitors on a relative basis. Check out Phala Network Correlation with its peers.
You can use the Comparative Equity Analysis module to analyze the advantages of investing in your portfolio's related equities across multiple sectors and thematic ideas. Please use the input box below to enter symbols for particular investments you would like to analyze. With the equity comparison module, you can estimate the relative effect of Phala Network competition on your existing holdings.
  
Sophisticated investors, who have witnessed many market ups and downs, anticipate that the market will even out over time. This tendency of Phala Network's price to converge to an average value over time is called mean reversion. However, historically, high market prices usually discourage investors that believe in mean reversion to invest, while low prices are viewed as an opportunity to buy.
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0.010.217.98
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Intrinsic
Valuation
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0.010.187.95
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Please note, it is not enough to conduct a financial or market analysis of a single entity such as Phala Network. Your research has to be compared to or analyzed against Phala Network's peers to derive any actionable benefits. When done correctly, Phala Network's competitive analysis will give you plenty of quantitative and qualitative data to validate your investment decisions or develop an entirely new strategy toward taking a position in Phala Network.

Phala Network Competition Correlation Matrix

Typically, diversification allows investors to combine positions across different asset classes to reduce overall portfolio risk. Correlation between Phala Network and its competitors represents the degree of relationship between the price movements of corresponding cryptos. A correlation of about +1.0 implies that the price of Phala and its corresponding peer move in tandem. A correlation of -1.0 means that prices move in opposite directions. A correlation of close to zero suggests that the price movements of assets are uncorrelated; in other words, the historical price movement of Phala Network does not affect the price movement of the other competitor.
Click cells to compare fundamentals   Check Volatility   Backtest Portfolio
High positive correlations   
AVAXSOL
STETHXRP
ARBTIA
AVAXXRP
TONCOINSOL
STETHSOL
  
High negative correlations   
TIATONCOIN
TIAENA
ARBTONCOIN
ARBENA
TIASOL
TIASTETH

Risk-Adjusted Indicators

There is a big difference between Phala Crypto Coin performing well and Phala Network Cryptocurrency doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Phala Network's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.
Mean DeviationJensen AlphaSortino RatioTreynor RatioSemi DeviationExpected ShortfallPotential UpsideValue @RiskMaximum Drawdown
SOL  3.85  0.57  0.13  0.49  4.29 
 9.74 
 24.05 
XRP  2.94 (0.21) 0.00 (0.15) 0.00 
 5.17 
 24.02 
TONCOIN  4.64  1.69  0.36  1.55  3.59 
 13.64 
 51.05 
STETH  2.78  0.32  0.07  0.96  3.57 
 7.91 
 18.61 
ENA  1.57 (0.17) 0.00 (0.10) 0.00 
 4.81 
 35.08 
AVAX  4.27  0.11  0.02  0.22  5.55 
 7.34 
 43.53 
LINK  3.57 (0.13) 0.00 (0.05) 0.00 
 9.58 
 25.08 
TIA  4.45 (0.62) 0.00 (0.60) 0.00 
 8.24 
 27.89 
SUI  5.19  0.10  0.02  0.11  5.96 
 14.55 
 40.51 
ARB  3.68 (0.90) 0.00 (0.45) 0.00 
 6.25 
 24.26 

Phala Network Competitive Analysis

The better you understand Phala Network competitors, the better chance you have of utilizing it as a position in your portfolios. From an individual investor's perspective, Phala Network's competitive analysis can cover a whole range of metrics. Some of these will be more critical depending on who you are as an investor and how you react to market volatility. However, if you are locking your investment sandscape to a long-term horizon, comparing the fundamental indicator across Phala Network's competition over several years is one of the best ways to analyze its investment potential.
    
 Better Than Average     
    
 Worse Than Peers    View Performance Chart
PHA SOL XRP TONCOIN STETH ENA AVAX LINK TIA SUI
 5.00 
 0.21 
Phala
 0.61 
 137.66 
Solana
 4.17 
 0.50 
XRP
 9.70 
 6.56 
Open
 3.07 
 3,088 
Staked
 6.60 
 0.99 
Ethena
 2.91 
 34.96 
Avalanche
 1.65 
 13.54 
Chainlink
 14.74 
 11.52 
Celestia
 15.09 
 1.22 
Sui
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(Probability Of Bankruptcy)
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Period Momentum Indicator
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Day Median Price
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Jensen Alpha
Total Risk Alpha
Sortino Ratio
Downside Variance
Standard Deviation
Kurtosis
Potential Upside
Treynor Ratio
Maximum Drawdown
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Market Risk Adjusted Performance
Risk Adjusted Performance
Skewness
Semi Deviation
Information Ratio
Value At Risk
Expected Short fall
Downside Deviation
Semi Variance

Phala Network Competition Performance Charts

Five steps to successful analysis of Phala Network Competition

Phala Network's competitive analysis is the process of researching and evaluating its competitive landscape. It provides an understanding of the strengths, weaknesses, opportunities, and threats (SWOT) faced by Phala Network in relation to its competition. Phala Network's competition analysis typically involves several steps, including:
  • Identifying the key players in the market: This involves identifying the major competitors of Phala Network in the market, both direct and indirect, as well as new entrants and disruptive technologies.
  • Assessing the strengths and weaknesses of each competitor: This involves evaluating each competitor's strengths and weaknesses in areas such as product offerings, market share, brand recognition, financial performance, and distribution channels.
  • Understanding the competitive environment: This involves evaluating the regulatory environment, economic conditions, and other factors that may impact Phala Network's competitive landscape.
  • Identifying opportunities and threats: This involves using the information gathered during the analysis to identify opportunities and threats to Phala Network, and developing a strategy to address them.
  • Evaluating the competitive landscape: This involves understanding the competitive dynamics of the market, such as pricing, marketing, and distribution strategies, as well as analyzing the competitive advantage of each competitor.
Competitive analysis is an essential tool for businesses to stay ahead of the competition and can be used to inform decision-making and strategy development. By understanding the competitive landscape and staying informed about the activities of competitors, a company can make more informed decisions and improve its overall performance.

Complement your Phala Network position

In addition to having Phala Network in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.

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When determining whether Phala Network offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Phala Network's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Phala Network Crypto.
Check out Phala Network Correlation with its peers.
Note that the Phala Network information on this page should be used as a complementary analysis to other Phala Network's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Commodity Directory module to find actively traded commodities issued by global exchanges.
Please note, there is a significant difference between Phala Network's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine Phala Network value by looking at such factors as its true mass adoption, usability, application, safety as well as its ability to resist fraud and manipulation. On the other hand, Phala Network's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.