0x Performance
| ZRX Crypto | USD 0.52 0.04 7.14% |
The crypto shows a Beta (market volatility) of 0.0694, which signifies not very significant fluctuations relative to the market. As returns on the market increase, 0x's returns are expected to increase less than the market. However, during the bear market, the loss of holding 0x is expected to be smaller as well.
Risk-Adjusted Performance
7 of 100
Weak | Strong |
OK
Compared to the overall equity markets, risk-adjusted returns on investments in 0x are ranked lower than 7 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, 0x exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
1 | Crypto scam Man scammed out of six-figure sum gets money back - BBC.com | 02/06/2024 |
2 | Were not believers Goldman Sachs doubles down on crypto skepticism despite Wall Street embracing Bitcoin ETFs - Yahoo Finance | 04/03/2024 |
0x |
0x Relative Risk vs. Return Landscape
If you would invest 39.00 in 0x on January 26, 2024 and sell it today you would earn a total of 13.00 from holding 0x or generate 33.33% return on investment over 90 days. 0x is generating 1.0711% of daily returns assuming 11.9024% volatility of returns over the 90 days investment horizon. Simply put, majority of traded equity instruments are less risky than 0x 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 |
0x Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for 0x's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as 0x, and traders can use it to determine the average amount a 0x'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 = 0.09
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
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| Small Returns | ZRX | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 11.9 actual daily | 96 96% of assets are less volatile |
Expected Return
| 1.07 actual daily | 21 79% of assets have higher returns |
Risk-Adjusted Return
| 0.09 actual daily | 7 93% of assets perform better |
Based on monthly moving average 0x is performing at about 7% 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 0x by adding it to a well-diversified portfolio.
About 0x Performance
To evaluate 0x 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 0x 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 0x 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 0x market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents 0x'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.0x is peer-to-peer digital currency powered by the Blockchain technology.| 0x is way too risky over 90 days horizon | |
| 0x has some characteristics of a very speculative cryptocurrency | |
| 0x appears to be risky and price may revert if volatility continues | |
| Latest headline from news.google.com: Were not believers Goldman Sachs doubles down on crypto skepticism despite Wall Street embracing Bitcoin ETFs - Yahoo Finance |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in 0x. 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 Investing Opportunities module to build portfolios using our predefined set of ideas and optimize them against your investing preferences.