OKB Performance
| OKB Crypto | USD 55.37 0.70 1.25% |
The crypto owns a Beta (Systematic Risk) of 0.68, which implies possible diversification benefits within a given portfolio. As returns on the market increase, OKB's returns are expected to increase less than the market. However, during the bear market, the loss of holding OKB is expected to be smaller as well.
Risk-Adjusted Performance
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Weak
Compared to the overall equity markets, risk-adjusted returns on investments in OKB are ranked lower than 2 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental drivers, OKB may actually be approaching a critical reversion point that can send shares even higher in May 2024. ...more
1 | Crypto Price Analysis Apr-04 ETH, XRP, ADA, SHIB, and DOGE - CryptoPotato | 04/04/2024 |
OKB |
OKB Relative Risk vs. Return Landscape
If you would invest 5,419 in OKB on January 25, 2024 and sell it today you would earn a total of 118.00 from holding OKB or generate 2.18% return on investment over 90 days. OKB is generating 0.1134% of daily returns assuming 4.0248% volatility of returns over the 90 days investment horizon. Simply put, 35% of all crypto coins have less volatile historical return distribution than OKB, and 98% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
OKB Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for OKB's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as OKB, and traders can use it to determine the average amount a OKB'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 = 0.0282
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| Cash | Small Risk | Average Risk | OKB | Huge Risk |
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Estimated Market Risk
| 4.02 actual daily | 35 65% of assets are more volatile |
Expected Return
| 0.11 actual daily | 2 98% of assets have higher returns |
Risk-Adjusted Return
| 0.03 actual daily | 2 98% of assets perform better |
Based on monthly moving average OKB 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 OKB by adding it to a well-diversified portfolio.
About OKB Performance
To evaluate OKB 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 OKB 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 OKB 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 OKB market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents OKB'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.OKB is peer-to-peer digital currency powered by the Blockchain technology.| OKB had very high historical volatility over the last 90 days | |
| Latest headline from news.google.com: Crypto Price Analysis Apr-04 ETH, XRP, ADA, SHIB, and DOGE - CryptoPotato |
Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in OKB. 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 OKB information on this page should be used as a complementary analysis to other OKB'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 Volatility Analysis module to get historical volatility and risk analysis based on latest market data.