ME Performance
| ME Crypto | USD 0.0006 0.000004 0.63% |
The crypto secures a Beta (Market Risk) of 1.0, which conveys possible diversification benefits within a given portfolio. ME returns are very sensitive to returns on the market. As the market goes up or down, ME is expected to follow.
Risk-Adjusted Performance
14 of 100
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Compared to the overall equity markets, risk-adjusted returns on investments in ME are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady fundamental indicators, ME exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
ME |
ME Relative Risk vs. Return Landscape
If you would invest 0.04 in ME on January 29, 2024 and sell it today you would earn a total of 0.02 from holding ME or generate 46.85% return on investment over 90 days. ME is currently producing 0.6389% returns and takes up 3.3793% volatility of returns over 90 trading days. Put another way, 29% of traded crypto coins are less volatile than ME, and 88% of all traded equity instruments are likely to generate higher returns over the next 90 trading days. Expected Return |
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ME Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for ME's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as ME, and traders can use it to determine the average amount a ME'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 = 0.1891
| Best Portfolio | Best Equity | |||
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| Small Returns | ME | |||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 3.38 actual daily | 29 71% of assets are more volatile |
Expected Return
| 0.64 actual daily | 12 88% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average ME is performing at about 14% 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 ME by adding it to a well-diversified portfolio.
About ME Performance
To evaluate ME 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 ME 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 ME 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 ME market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents ME'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.ME is peer-to-peer digital currency powered by the Blockchain technology.| ME has some characteristics of a very speculative cryptocurrency | |
| ME appears to be risky and price may revert if volatility continues |
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in ME. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in main economic indicators. Note that the ME information on this page should be used as a complementary analysis to other ME'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 Portfolio Analyzer module to portfolio analysis module that provides access to portfolio diagnostics and optimization engine.