Cardano Performance
| ADA Crypto | USD 0.50 0.03 6.38% |
The crypto shows a Beta (market volatility) of 1.53, which signifies a somewhat significant risk relative to the market. As the market goes up, the company is expected to outperform it. However, if the market returns are negative, Cardano will likely underperform.
Risk-Adjusted Performance
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Weak
Compared to the overall equity markets, risk-adjusted returns on investments in Cardano are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, Cardano may actually be approaching a critical reversion point that can send shares even higher in May 2024. ...more
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Cardano |
Cardano Relative Risk vs. Return Landscape
If you would invest 48.00 in Cardano on January 25, 2024 and sell it today you would earn a total of 2.00 from holding Cardano or generate 4.17% return on investment over 90 days. Cardano is generating 0.1759% of daily returns assuming 4.7327% volatility of returns over the 90 days investment horizon. Simply put, 41% of all crypto coins have less volatile historical return distribution than Cardano, and 97% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Cardano Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Cardano's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Cardano, and traders can use it to determine the average amount a Cardano'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 = 0.0372
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 4.73 actual daily | 41 59% of assets are more volatile |
Expected Return
| 0.18 actual daily | 3 97% of assets have higher returns |
Risk-Adjusted Return
| 0.04 actual daily | 2 98% of assets perform better |
Based on monthly moving average Cardano is performing at about 2% 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 Cardano by adding it to a well-diversified portfolio.
About Cardano Performance
To evaluate Cardano Crypto Coin as a possible investment, you need to clearly understand its upside potential, downside risk, and overall future performance outlook. You may be satisfied when Cardano generates a 15% return over the last few months, but what if the market is generating 25% over the same period? In this case, it makes sense to compare Cardano Crypto Coin's performance with different market indexes, such as the Dow or NASDAQ Composite. These indexes can act as benchmarks that will help you to understand Cardano market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Cardano's market performance from a risk-adjusted return perspective. Generally speaking, the higher the score, the better is overall performance as compared to other investors. The score is normalized against the average investing universe (the best we can interpret from the data available). Within this methodology, scores of individual equity instruments will always be inferior to the scores of portfolios of equities as portfolios typically diversify a lot of unsystematic risks away. The formula to derive the Macroaxis score bases on multiple unequally-weighted factors. For more information, refer to our portfolio performance evaluation section.
Please also refer to our technical analysis and fundamental analysis pages.Cardano is peer-to-peer digital currency powered by the Blockchain technology.| Cardano has some characteristics of a very speculative cryptocurrency | |
| Cardano had very high historical volatility over the last 90 days | |
| Latest headline from news.google.com: Victim says hes out tens of thousands of dollars after cryptocurrency scam in Delaware County - WPVI-TV |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cardano. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. Note that the Cardano information on this page should be used as a complementary analysis to other Cardano'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 Top Crypto Exchanges module to search and analyze digital assets across top global cryptocurrency exchanges.