FileCoin Performance
| FIL Crypto | USD 6.10 0.06 0.99% |
The crypto shows a Beta (market volatility) of 2.66, 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, FileCoin will likely underperform.
Risk-Adjusted Performance
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Modest
Compared to the overall equity markets, risk-adjusted returns on investments in FileCoin are ranked lower than 4 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady essential indicators, FileCoin exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
FileCoin |
FileCoin Relative Risk vs. Return Landscape
If you would invest 533.00 in FileCoin on January 26, 2024 and sell it today you would earn a total of 77.00 from holding FileCoin or generate 14.45% return on investment over 90 days. FileCoin is generating 0.4278% of daily returns assuming 6.712% volatility of returns over the 90 days investment horizon. Simply put, 59% of all crypto coins have less volatile historical return distribution than FileCoin, and 92% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
FileCoin Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for FileCoin's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as FileCoin, and traders can use it to determine the average amount a FileCoin'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 = 0.0637
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 6.71 actual daily | 59 59% of assets are less volatile |
Expected Return
| 0.43 actual daily | 8 92% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average FileCoin 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 FileCoin by adding it to a well-diversified portfolio.
About FileCoin Performance
To evaluate FileCoin 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 FileCoin 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 FileCoin 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 FileCoin market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents FileCoin'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.FileCoin is peer-to-peer digital currency powered by the Blockchain technology.| FileCoin had very high historical volatility over the last 90 days |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in FileCoin. 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. You can also try the Technical Analysis module to check basic technical indicators and analysis based on most latest market data.