Ethena Performance
| ENA Crypto | USD 0.81 0.02 2.41% |
The crypto shows a Beta (market volatility) of 1.18, 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, Ethena will likely underperform.
Risk-Adjusted Performance
9 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in Ethena are ranked lower than 9 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, Ethena exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
Ethena |
Ethena Relative Risk vs. Return Landscape
If you would invest 0.00 in Ethena on February 1, 2024 and sell it today you would earn a total of 81.00 from holding Ethena or generate 9.223372036854776E16% return on investment over 90 days. Ethena is generating 15.2482% of daily returns assuming 125.1627% volatility of returns over the 90 days investment horizon. Simply put, majority of traded equity instruments are less risky than Ethena 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 |
Ethena Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Ethena's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Ethena, and traders can use it to determine the average amount a Ethena'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 = 0.1218
| Best Portfolio | Best Equity | ENA | ||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 125.16 actual daily | 96 96% of assets are less volatile |
Expected Return
| 5.04 actual daily | 96 96% of assets have lower returns |
Risk-Adjusted Return
| 0.12 actual daily | 9 91% of assets perform better |
Based on monthly moving average Ethena is performing at about 9% 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 Ethena by adding it to a well-diversified portfolio.
About Ethena Performance
To evaluate Ethena 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 Ethena 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 Ethena 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 Ethena market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Ethena'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.Ethena is peer-to-peer digital currency powered by the Blockchain technology.| Ethena is way too risky over 90 days horizon | |
| Ethena has some characteristics of a very speculative cryptocurrency | |
| Ethena appears to be risky and price may revert if volatility continues | |
| Latest headline from news.google.com: Bitcoin Tumbles Below 60K, Ether Under 3K Correction Not Over, Says Strategist - CoinDesk |
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Ethena. 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 Ethena information on this page should be used as a complementary analysis to other Ethena'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 ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.