Phala Network Performance

PHA Crypto  USD 0.21  0.01  5.00%   
The crypto holds a Beta of -0.0373, which implies not very significant fluctuations relative to the market. As returns on the market increase, returns on owning Phala Network are expected to decrease at a much lower rate. During the bear market, Phala Network is likely to outperform the market.

Risk-Adjusted Performance

13 of 100

Compared to the overall equity markets, risk-adjusted returns on investments in Phala Network are ranked lower than 13 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, Phala Network exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more

Phala Network Relative Risk vs. Return Landscape

If you would invest  11.00  in Phala Network on January 18, 2024 and sell it today you would earn a total of  10.00  from holding Phala Network or generate 90.91% return on investment over 90 days. Phala Network is generating 1.2939% of daily returns assuming 7.7664% volatility of returns over the 90 days investment horizon. Simply put, 68% of all crypto coins have less volatile historical return distribution than Phala Network, and 75% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days.
  Expected Return   
Assuming the 90 days trading horizon Phala Network is expected to generate 12.5 times more return on investment than the market. However, the company is 12.5 times more volatile than its market benchmark. It trades about 0.17 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.12 per unit of risk.

Phala Network Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Phala Network's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Phala Network, and traders can use it to determine the average amount a Phala Network'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 = 0.1666

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Estimated Market Risk

  actual daily
68% of assets are less volatile

Expected Return

  actual daily
75% of assets have higher returns

Risk-Adjusted Return

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87% of assets perform better
Based on monthly moving average Phala Network is performing at about 13% 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 Phala Network by adding it to a well-diversified portfolio.

About Phala Network Performance

To evaluate Phala Network 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 Phala Network 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 Phala 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 Phala Network market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Phala'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.
Phala Network is peer-to-peer digital currency powered by the Blockchain technology.
Phala Network is way too risky over 90 days horizon
Phala Network has some characteristics of a very speculative cryptocurrency
Phala Network appears to be risky and price may revert if volatility continues
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 Your Equity Center to better understand how to build diversified portfolios, which includes a position in Phala Network. 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 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 Competition Analyzer module to analyze and compare many basic indicators for a group of related or unrelated entities.
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.