Theta Network Performance
| THETA Crypto | USD 2.28 0.10 4.20% |
The entity has a beta of 1.96, 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, Theta Network will likely underperform.
Risk-Adjusted Performance
14 of 100
Weak | Strong |
Good
Compared to the overall equity markets, risk-adjusted returns on investments in Theta Network are ranked lower than 14 (%) of all global equities and portfolios over the last 90 days. In spite of rather unsteady basic indicators, Theta Network exhibited solid returns over the last few months and may actually be approaching a breakup point. ...more
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Theta |
Theta Network Relative Risk vs. Return Landscape
If you would invest 101.00 in Theta Network on January 28, 2024 and sell it today you would earn a total of 127.00 from holding Theta Network or generate 125.74% return on investment over 90 days. Theta Network is generating 1.5875% of daily returns and assumes 8.5265% volatility on return distribution over the 90 days horizon. Simply put, 75% of crypto coins are less volatile than Theta, and 69% of all equity instruments are likely to generate higher returns than the company over the next 90 trading days. Expected Return |
| Risk |
Theta Network Market Risk Analysis
Today, many novice investors tend to focus exclusively on investment returns with little concern for Theta Network's investment risk. Standard deviation is the most common way to measure market volatility of crypto coins, such as Theta Network, and traders can use it to determine the average amount a Theta Network'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 = 0.1862
| Best Portfolio | Best Equity | |||
| Good Returns | ||||
| Average Returns | THETA | |||
| Small Returns | ||||
| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
| Negative Returns |
Estimated Market Risk
| 8.53 actual daily | 75 75% of assets are less volatile |
Expected Return
| 1.59 actual daily | 31 69% of assets have higher returns |
Risk-Adjusted Return
| 0.19 actual daily | 14 86% of assets perform better |
Based on monthly moving average Theta Network 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 Theta Network by adding it to a well-diversified portfolio.
About Theta Network Performance
To evaluate Theta Network 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 Theta Network 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 Theta 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 Theta Network market performance in a much more refined way. The Macroaxis performance score is an integer between 0 and 100 that represents Theta'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.Theta Network is peer-to-peer digital currency powered by the Blockchain technology.| Theta Network is way too risky over 90 days horizon | |
| Theta Network appears to be risky and price may revert if volatility continues | |
| Latest headline from news.google.com: Officers warn of cryptocurrency scam that has caused Coloradans to lose thousands - FOX 31 Denver |
Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Theta Network. Also, note that the market value of any cryptocurrency could be tightly coupled with the direction of predictive economic indicators such as signals in nation. Note that the Theta Network information on this page should be used as a complementary analysis to other Theta Network'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 Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.