EOSDAC Performance
| EOSDAC Crypto | USD 0.0003 0.000021 6.84% |
The crypto shows a Beta (market volatility) of 1.76, which means 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, EOSDAC will likely underperform.
Risk-Adjusted Performance
4 of 100
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Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in EOSDAC are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. Despite somewhat unsteady basic indicators, EOSDAC sustained solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Bybit Launches Crypto Trend Challenge Pick a Trend and Win - Yahoo Finance | 02/06/2024 |
2 | Cathie Wood sells almost 135000 shares of a top crypto stock - TheStreet | 03/05/2024 |
EOSDAC |
EOSDAC Relative Risk vs. Return Landscape
If you would invest 0.03 in EOSDAC on January 21, 2024 and sell it today you would earn a total of 0.00 from holding EOSDAC or generate 12.71% return on investment over 90 days. EOSDAC is generating 0.6849% of daily returns and assumes 11.3111% volatility on return distribution over the 90 days horizon. Simply put, majority of traded equity instruments are less risky than EOSDAC on the basis of their historical return distribution, and most equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
EOSDAC Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for EOSDAC's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as EOSDAC, and traders can use it to determine the average amount a EOSDAC'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 = 0.0605
| Best Portfolio | Best Equity | |||
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| Small Returns | EOSDAC | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 11.31 actual daily | 96 96% of assets are less volatile |
Expected Return
| 0.68 actual daily | 13 87% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average EOSDAC is performing at about 4% 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 EOSDAC by adding it to a well-diversified portfolio.
About EOSDAC Performance
To evaluate EOSDAC 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 EOSDAC 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 EOSDAC 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 EOSDAC market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents EOSDAC'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.EOSDAC is peer-to-peer digital currency powered by the Blockchain technology.| EOSDAC is way too risky over 90 days horizon | |
| EOSDAC has some characteristics of a very speculative cryptocurrency | |
| EOSDAC appears to be risky and price may revert if volatility continues |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in EOSDAC. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the EOSDAC information on this page should be used as a complementary analysis to other EOSDAC'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 Bollinger Bands module to use Bollinger Bands indicator to analyze target price for a given investing horizon.