Solana Performance

SOL Crypto  USD 132.01  0.12  0.09%   
The entity has a beta of 1.35, which indicates 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, Solana will likely underperform.

Risk-Adjusted Performance

10 of 100

Compared to the overall equity markets, risk-adjusted returns on investments in Solana are ranked lower than 10 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady essential indicators, Solana exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
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Solana Relative Risk vs. Return Landscape

If you would invest  9,275  in Solana on January 19, 2024 and sell it today you would earn a total of  3,926  from holding Solana or generate 42.33% return on investment over 90 days. Solana is generating 0.66% of daily returns assuming 4.8582% volatility of returns over the 90 days investment horizon. Simply put, 42% of all crypto coins have less volatile historical return distribution than Solana, and 87% 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 Solana is expected to generate 7.81 times more return on investment than the market. However, the company is 7.81 times more volatile than its market benchmark. It trades about 0.14 of its potential returns per unit of risk. The NYSE Composite is currently generating roughly 0.11 per unit of risk.

Solana Market Risk Analysis

Today, many novice investors tend to focus exclusively on investment returns with little concern for Solana's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Solana, and traders can use it to determine the average amount a Solana'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 = 0.1359

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Estimated Market Risk

  actual daily
58% of assets are more volatile

Expected Return

  actual daily
87% of assets have higher returns

Risk-Adjusted Return

  actual daily
90% of assets perform better
Based on monthly moving average Solana is performing at about 10% 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 Solana by adding it to a well-diversified portfolio.

About Solana Performance

To evaluate Solana 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 Solana 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 Solana 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 Solana market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Solana'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.
Solana is peer-to-peer digital currency powered by the Blockchain technology.
Solana appears to be risky and price may revert if volatility continues
Latest headline from Worldcoin, Sam Altmans eye-scanning crypto project, announces its own blockchain - Fortune
When determining whether Solana offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Solana'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 Solana Crypto.
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Solana. 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 Sectors module to list of equity sectors categorizing publicly traded companies based on their primary business activities.
Please note, there is a significant difference between Solana's coin value and its market price as these two are different measures arrived at by different means. Cryptocurrency investors typically determine Solana 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, Solana's price is the amount at which it trades on the cryptocurrency exchange or other digital marketplace that truly represents its supply and demand.