Solana Performance
| SOL Crypto | USD 183.29 11.46 6.67% |
The entity has a beta of 5.42, 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
4 of 100
Weak | Strong |
Insignificant
Compared to the overall equity markets, risk-adjusted returns on investments in Solana are ranked lower than 4 (%) 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 |
Solana Relative Risk vs. Return Landscape
If you would invest 16,833 in Solana on April 28, 2024 and sell it today you would earn a total of 1,496 from holding Solana or generate 8.89% return on investment over 90 days. Solana is generating 0.2833% of daily returns assuming 4.7424% 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 95% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| 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 = 0.0597
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | ||||
| Small Returns | SOL | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 4.74 actual daily | 42 58% of assets are more volatile |
Expected Return
| 0.28 actual daily | 5 95% of assets have higher returns |
Risk-Adjusted Return
| 0.06 actual daily | 4 96% of assets perform better |
Based on monthly moving average Solana 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 Solana by adding it to a well-diversified portfolio.
About Solana Performance
By analyzing Solana's fundamental ratios, stakeholders can gain valuable insights into Solana's financial health, operational efficiency, and overall profitability, helping them make informed investment and management decisions. For instance, if Solana has a high ROA and ROE, it suggests that the company is efficiently using its assets and equity to generate substantial profits, making it an attractive investment. Conversely, if Solana has a low ROA and ROE, it may indicate underlying issues in asset and equity management, signaling a need for operational improvements.
Solana is peer-to-peer digital currency powered by the Blockchain technology.| Solana had very high historical volatility over the last 90 days | |
| Latest headline from news.google.com: Ethereum co-founder warns against voting only on pro-crypto, a day after a16z founders support Trump - CNBC |
Additional Information and Resources on Investing in Solana Crypto Coin
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 closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Options Analysis module to analyze and evaluate options and option chains as a potential hedge for your portfolios.